Bangkok--24 May--SET
The Stock Exchange of Thailand (SET) will list Sub Sri Thai Property Fund in the Property Fund Sector, Property & Construction Group and start trading on May 25, using “SSTPF” as its trading symbol. It will be the fourth property fund listing on the Thai bourse this year.
During April 18-26, 2011, SSTPF offered 67.5 million investment units to the general public at THB10.00 per unit, worth a total of THB675 million (approx. USD20.43 million), with CIMB- Principal Asset Management Co. Ltd. as its fund manager, Mr. Chanitr Charnchainarong, SET Group Head, Issuer & Listing, revealed.
“The SSTPF invests in land freehold rights and 9 document storage buildings of Sub Sri Thai PCL. The fund’s strengths lie in the perfect location, convenient transportation and effective business management of Sub-Sri Thai PCL, a SET-listed firm with 16 years of experience in document storage management. We are certain that SSTPF’s listing will help expand the property business and provide an alternative investment for investors, particularly in the Property Fund Sector, said CIMB-Principal Asset Management Co., Ltd. Managing Director Anusorn Buranakanonda.
The SSTPF is a closed-end specific property fund with an unspecified project life. Its policy is to pay dividends no more than twice a year, and at not less than 90% of net profits, excluding unrealized gains from auditing of property appraisals or leases during the related accounting period.
The SSTPF’s top three shareholders after its IPO are Sub Sri Thai PCL (33.33%), CIMB-Principal Asset Management Berhad (14.10%) and CIMB Thai Bank PCL (10.00%).
For more information about SSTPF, please see the fund’s prospectus at the Securities and Exchange Commission (SEC)’s website at www.sec.or.th and for general information, please visit SET’s website at www.set.or.th.
For more information, please contact S-E-T Call Center 0 2229 2222
Members of the media should contact the Public Relations Unit, Corporate Communications Dept.: Ladawan Kantawong, tel: 0-2229-2036 / Nattaya Muangman tel: 0-2229-2043/ Anyarat Anyawutikrai tel: 0-2229-2042