Mitsui partners with TICON

ข่าวหุ้น-การเงิน Friday November 14, 2014 16:39 —PRESS RELEASE LOCAL

กรุงเทพฯ--14 พ.ย.--BrandComm Consultants TICON Industrial Connection Public Company Limited (TICON) recently held a press confe-rence announcing its strategic partnership with Mitsui. Under the partnership TICON has agreed to sell 30% of its stake in TICON Management Company Limited (TMAN) to Mitsui & Co. (Asia Pacific) Pte. Ltd. (MAP) which is wholly owned by Mitsui & Co., Ltd. (Mitsui). The partnership with Mitsui who is a leader in REIT Management business, especially in industri-al and logistic REITs in Japan and Singapore will enable TMAN to expand its network and help strengthening TMAN’s competitiveness in the global arena by utilizing the Japanese network. MAP also plans to invest in the newly formed REIT, TICON Real Estate Investment Trust (TREIT), which is currently under filing with the SEC. The cooperation will enhance TREIT to expand its investment opportunities in many industrial and logistics properties in both Thailand and foreign countries. In picture : Mr.Virapan Pulges (Center), Managing Director of TICON Industrial Connection Plc. poses for picture with Mr. Kiyoshi Okubo (2nd from right), General Manager of Financial & New Business Dept. of Innovation and Corporate Development Div. of Mitsui & Co. (Asia Pacific) Pte. Ltd., Mr. Jun Mizusawa (2nd from left), Senior Vice President, General Manager, Logistics Division, Mitsui & Co., (Thailand) Ltd., Mr.Tomoyoshi Mizukawa (far left), CFO of Mitsui & Co., (Thailand) Ltd. and Mr. Akihiro Noguchi (far right), Deputy General Manager of Financial & New Business Department Innovation & Corporate Development Division Mitsui & Co. (Asia Pacific) Pte. Ltd.

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