Bangkok--27 Feb--Ogilvy Public Relations Worldwide
Ek-Chai Distribution System Co., Ltd. (“Tesco Lotus”), Thailand’s leading retailer and shopping mall operator, recently announced the launch of the Initial Public Offering (IPO) of its Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (“TLGF”).
IPO subscription for investors will take place from February 24th to March 2nd, 2012, with an initial offering price range of THB 9.65 - THB 10.40 per unit and an expected total distribution of 6.5% - 7.0% per annum. Tesco Lotus management, along with financial advisors and the fund manager, announced the details of TLGF at a press conference and a public roadshow to interested investors at the Four Seasons Hotel Bangkok.
In picture (from left to right):
Anuwat Ruamsuke, Assistant Managing Director, Head of Equity Capital Markets, Phatra Securities Plc.
Mr. Carl Rogberg, Chief Financial Officer, Tesco Lotus
Mr. Sompong Rungnirattisai, Property Director, Tesco Lotus
Mr. Chris Bush, Chief Executive Officer, Tesco Lotus
Mr. John Christie, Incoming Chief Executive Officer, Tesco Lotus
Mr. Somchai Boonnamsiri, Chief Executive Officer, Krung Thai Asset Management Plc.