Bangkok--19 Nov--Ogilvy Public Relations
Mr. Somchai Boonnamsiri, CEO of Krung Thai Asset Management Public Company Limited (KTAM) (third from left) and Mr. Sompong Rungnirattisai, Property Director, Tesco Lotus (third from right) jointly announced the Lotus Retail Growth Freehold and Leasehold Property Fund (“TLGF”) is moving forward with its planned capital increase. The final offering price and entitlement ratio will be announced on November 23, 2012, while the subscription will take place November 26-29, 2012. TLGF plans to issue and allocate up to 650 million new investment units with the aim of raising up to Baht 7,545 million to invest in five additional Tesco Lotus hypermarket-anchored shopping malls, bringing TLGF’s portfolio to 22 high quality assets. Upon the completion, TLGF will become Thailand’s largest property fund by market capitalization.