Bangkok--9 Mar--124 Communications Consulting
Trinity Asset together with fund manager —One Asset Management, lead underwriter —Capital Nomura Securities and co-underwriter —CIMB Securities and KGI Securities (Thailand) witness the debut of Trinity Property Fund (TNPF) in the stock exchange of Thailand.
Mr.Monrat Phadungsit, President, One Asset Management Limited, Fund manager of Trinity Property Fund (TNPF) expresses his confidence over TNPF that investors will be satisfied with constant good return on investment and potential to thrive due to the freehold nature of the property and its good location.
“Most investors are constantly looking for a way to create wealth, taking good returns and level of risk into consideration. Trinity Property Fund (TNPF) thus a good choice of investment for them due to the fact that the fund invests in freehold properties located at the ‘golden location’ in the heart of Bangkok’s CBD area —Silom Soi 5- with easy access to such major, busy roads as Silom, Sathorn and Narathiwas Rajanakarin, as well as through BTS,” says the Fund Manager. “Additionally, TNPF properties have a good combination of hospitality and retail businesses. The 78-room serviced apartment “Glow Trinity Silom,” under professional supervision of reputable InVision Hospitality, is planned to turn into a boutique hotel soon, whist the two shopping malls -total net lettable area of 4,242.80 sq.m.- have been popular among the shoppers and tenants. Both serviced apartment and malls have occupancy rate over 95% nearly all of the time. I believe that’s the reason investors paid great level of attention to TNPF.”
To increase degree of assurance, TNPF offer four-year insured by commercial bank guaranteed minimum revenue at 65.7 MB., 66.7 MB., 67.1 MB. and 67.1 MB. in years 1, 2, 3 and 4, respectively, with dividend payment policy of at least once a year, at 90% of the annual net profit as minimum.
Mrs. Orranart Churdboonchart, managing director, Trinity Asset Company Limited reveals that it is delighted to learn about the high level of interest from investors, reflected through the overbooked IPO. She believes that with continuously good yields and great potential of the properties, investors will continue to invest more on TNPF.
Mr. Nimit Wongjariyakul, executive director, Capital Nomura Securities Public Company Limited as TNPF’s underwriter added that those who missed or wasn’t received the shares distributed during TNPF IPO subscription of this 10-baht-par value, 71-million-units, with total value of 710-million-baht fund, can invest in this property fund in SET under the codename TNPF.
For more press information please contact:
Eakkapop Panturat
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Niracha Ruenroeng
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