Bangkok--29 Jun--SET
The Stock Exchange of Thailand (SET) will list Amata Summit Growth Freehold and Leasehold Real Estate Investment Trust (REIT) worth THB 3.58 billion (approx. USD 106.51 million) on its main board on June 30, to be the second REIT listed on SET in 2015, under the ticker symbol "AMATAR."
SET Executive Vice President Santi Kiranand said that AMATAR would list and start trading in the Thai bourse's Property & Construction industry group, Property Fund & REITs sector. AMATAR offered 357.89 million units via an initial public offering (IPO) at THB 10.00 per unit during June 4 -12, with total value of THB 3.58 billion. AMATAR was managed by Amata Summit REIT Management Co., Ltd., a subsidiary of Amata Summit Ready Built Co., Ltd., with Kasikorn Asset Management Co.,Ltd. being the trustee, Kasikornbank as its underwriter, and JayDee Partners Ltd. being financial adviser.
AMATAR has invested in freehold and leasehold rights of land and factory building of Amata SummitReady Built Co., Ltd. (a subsidiary of AMATA Corporation pcl, or AMATA), in AMATA Nakorn Industrial Estate, Chonburi province (near the eastern seaboard) and AMATA City Industrial Estate, Rayong province (in the eastern seaboard), with 88 factories, covering the total rental area of 160,578.52 square meters with 90 percent occupancy. The main tenants of these properties are companies in machinery, industrial tools, plastics, petrochemical and auto parts production businesses.
Amata Summit REIT Management Managing Director Dendao Komolmas said that AMATAR has invested in factories for lease in AMATA industrial estates locating in a Thailand's prime strategic logistic hub. Thus, large corporations preferred to set up production base and expand business on this location. With more than a decade of ready-built factory management expertise from Amata SummitReady Built Co., Ltd. together with its growth opportunity from the support of its key stakeholders -- AMATA pcl and Summit Corporation Co., Ltd.--, AMATAR is expected to provide good and sustainable returns for the trust unit holders.
AMATAR'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. AMATAR's three major unit holders after its IPO are Amata Summit Ready Built Co., Ltd. (17.01 percent), AIA Co., Ltd. (13.97 percent) Thai Life Insurance pcl (11.18 percent).
For more information, please see AMATAR's prospectus at the Securities and Exchange Commission's website atwww.sec.or.th , and www.amatareit.com , as well as general information on SET's website at www.set.or.th .
Members of the media please contact the Public Relations Unit, Corporate Communications Dept: Darawan Maleesri tel: +66 (0) 2229 2798 / Arada Kultawanich tel: +66 (0) 2229 2796 / Kanokwan Khemmalai tel: +66 (0) 2229 2048.