Bangkok--23 Nov--Ogilvy Public Relations
- Subscription opens November 26th until 12.00 hrs, November 29th
- Total new investment units offered are 567,282,928 units
- Total funds to be raised is THB 7,544,862,942
- Entitlement ratio is 1 existing unit to 0.3205 new investment unit and any fractional amount will be rounded down
- Eligible existing unitholders may subscribe beyond entitlements
Krung Thai Asset Management Public Company Limited (“KTAM”), the management company of Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (“TLGF”), today announced the final offering price of new TLGF investment units at THB 13.30 per unit, which is based on bookbuilding results.
The offering of new investment units to eligible existing unithoilders according to their unitholding will raise a total of THB 7,544,862,942 through an issuance of 567,282,928 new investment units. Currently, TLGF has 1,770,000,000 investment units outstanding. Therefore, entitlement ratio is 1 existing unit to 0.3205 new investment units, and any fractional amount will be rounded down. Eligible existing unitholders may subscribe beyond their entitlements.
Eligible existing unitholders are able to check their entitlements for subscription of new investment units through various channels, including (1) Office of KTAM or on KTAM’s website at www.ktam.co.th (2) the website of TLGF at www.tlgf-fund.com and (3) head office and nationwide branches of Krung Thai Bank (“KTB”) or CIMB Thai Bank (“CIMBT”). Investors may also contact the call centers of KTAM (02-670-4900 # 9), KTB (1551) or CIMBT (02-676-7000) for information.
Subscription for new investment units can be made during business hours of KTAM and nationwide branches of KTB and CIMBT from November 26th - 28th, 2012. On November 29th, subscription can be made until 12.00pm (noon). Eligible existing unitholders may obtain subscription forms, prospectus, as well as copies of the management presentation from the website of TLGF at www.tlgf-fund.com, at the office of KTAM, and head offices and nationwide branches of KTB and CIMBT.
To make a subscription, unitholders must fill in the subscription form, risk profile form and supply a certified copy of valid identification document such as ID card, passport or civil servant card and the entitlement letter (if any), which has been sent to unitholders on November 12th, 2012. Subscription payment can be made by (i) cash, bank transfer OR (ii) cheque, bank draft or cashier’s cheque. Cheque payments must be made before 12.00pm (noon) of November 28th, 2012 and must be honored from the same region clearing house before 12.00pm (noon) of November 29th, 2012.
Allocation results will be announced on November 30th, 2012. Subscribing unitholders will be able to check at www.ktam.co.th, www.tlgf-fund.com, www.ktb.co.th, www.cimbthai.com or the call centers of KTAM, KTB, and CIMBT for the results.
Mr. Somchai Boonnamsiri, CEO of KTAM, said “Following this public offering, TLGF will become Thailand’s largest property fund, with a total market value of more than THB 30 billion. The investment in these new properties only eight months after the IPO reflects TLGF’s impressive growth potential. We hope to continue to deliver value for our unitholders.”