Bangkok--17 Dec--SET
The Stock Exchange of Thailand (SET) will list WHA Premium Growth Freehold and Leasehold Real Estate Investment Trust, the second REIT in the Thai capital market this year, worth THB 3.11 billion (approx. USD 94.18 million) on its main board on December 18, under the ticker symbol “WHART”.
SET Executive Vice President Chanitr Charnchainarong said that WHART would list and start tradingin the Thai bourse’s Property Fund & REITs sector on December 18.
WHART offered 310.79 million units via an initial public offering (IPO) at THB 10.00 per unit during December 1-4, with total value of THB 3.11 billion. WHART is managed by WHA Real Estate Management Co., Ltd., a subsidiary of WHA Corporation pcl. Kasikorn Asset Management Co., Ltd. is the trustee and Kasikorn Securities pcl is its financial advisor and underwriter.
WHART has invested in freehold and leasehold rights of land and building, consisting of WHA Distribution Center Ladkrabung Phase 1 and 2, WHA Mega Logistics Center (Bangna Trad Road Km 18), WHA Mega Logistics Center (Bangna Trad Road Km 23), as well as properties for rent with a total area of 167,107 sq. meters. The main tenants of these properties are leading companies such as Nissan Motor (Thailand) Co., Ltd., DKSH (Thailand) Co., Ltd., LF Logistics (Thailand) Co., Ltd., etc. In addition, it also leases rooftop space with more than 74,617 sq. meters for solar energy production.
WHA Real Estate Management Managing Director Piyapong Pintuprapa said that WHART would invest on warehouses and distribution centers in strategically prime locations that meet international standards and customer demands. Managed by the professional management of WHA Corporation pcl., one of the listed companies on SET, WHART could provide good returns for the trust unit holders in the long run.
WHART’s dividend policy is to pay up to four times a year at no less than 90 percent of adjusted net profit of its financial year. WHART's three major unit holders after its IPO are WHA Corporation pcl (15.0 percent), Social Security Office (12.9 percent), Allianz Ayudhya pcl and Government Saving Bank (each holding 6.4 percent).
For more information, please see WHART's prospectus at the Securities and Exchange Commission's website atwww.sec.or.th , and www.whareit.com, as well as general information on SET's website at www.set.or.th.