Bangkok--Jan 16--Siam Commercial New York Life Insurance
With reference to the acquisition by Siam Commercial Bank (SCB) of Siam Commercial New York Life PCL (the "Company") from New York Life Insurance Co., Ltd. and its Thai joint-venture company to increase the Bank's stakeholding in the Company to 94.66% of issued and outstanding shares of the Company, SCB is mandatorily required to do a tender offer to purchase all the remaining shares from other shareholders. The tender offer period lasted 25 business days, beginning from March 23, 2011 until May