Jun. 26--The future of troubled Thanasin Insurance now hinges on its Chinese partner, TSB Trading Co, now that property tycoon Boon Vanasin has decided to back away from a deal. "I am committed to investing no more than 400 million baht in Thanasin, but the company has been found to need up to 560 million baht to cover its liabilities," said Dr Boon, who earlier had offered to lead a group with Chinese partners to rescue the debt-ridden firm. However, Dr Boon said he would still be active in advising the Chinese if they wanted to pursue a deal for Thanasin, whose main business is car insurance.....
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Car Insurance News: Thanasin Insurance's Future Rests With Chinese Partner...Get an auto insurance quote!