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Talaad Thai Leasehold Property Fund will list on The Stock Exchange of Thailand in Property Fund Sector, Property & Construction Industry Group on November 19, using “TTLPF” as its trading symbol, after offering its investment units to the general public at a total of THB1.80 billion (approx. USD60 million), revealed SET Group Head, Issuer & Listing Chanitr Charnchainarong.
TTLPF is a closed-end specific property fund with an unspecified project life. The funds raised will be used to lease selected land and buildings in Talaad Thai Market, Pathumthani, for 20 years. Thai Agro Exchange Co., Ltd. is the property manager.
During August 5-11, TTLPF offered 180 million investment units to the general public at THB10.00 per unit, worth a total of THB1.80 million (approx. USD60 million). Krung Thai Asset Management PCL was the fund manager. TTLPF’s dividend payment policy is to pay at least twice a year, and not less than 90% of net profits, excluding unrealized profits from the appraisal or verification of the appraisal of immovable property or property lease right in that accounting period.
TTLPF’s major shareholders are Thai Agro Exchange Co., Ltd., the Phatraprasit group, and the Angkanawattana group, which hold 33.33%, 21.55%, and 10.81%, respectively, of issued units.
For more information on TTLPF, please see the fund’s prospectus at the Securities and Exchange Commission's website, www.sec.or.th or for general information, please visit SET's website at www.set.or.th.
