Major Cineplex Lifestyle Property Fund lists on Thai bourse

ข่าวทั่วไป Tuesday July 17, 2007 11:29 —PRESS RELEASE LOCAL

Bangkok--17 Jul--SET The Stock Exchange of Thailand (SET) has approved the listing, on July 18, of Major Cineplex Lifestyle Property Fund in the Property and Construction Industry Group, under the Property Development Sector. The company will use “MJLF” as its trading symbol, SET Executive Vice President Mr. Vichate Tantiwanich stated. Major Cineplex Lifestyle Property Fund has a total worth of THB 2,300 million (approx. USD68.88 million), made up of 230 million investment units, priced at THB 10.00 each. ING Funds (Thailand) Co., Ltd. was responsible for managed the initial public offering (IPO) during June 12-21, 2007. MJLF is a non-redeemable and specific property fund with an unlimited project life. Its main business is investment in the leasehold rights of the Major Cineplex Ratchyothin Project and the Major Cineplex Rangsit Project in the Lifestyle Entertainment Complex, deriving revenue from leasing space and utility systems. Both projects are entertainment complexes offering services such as cinema, bowling, karaoke, fitness centers and food courts. Both have clearly-defined markets and are located in busy commercial centers, close to department stores, educational institutions and public transport. As noted in MJLF’s prospectus, the complexes have maintained an occupancy rate of more than 95% from 2003 to 2006. Principal unit holders in the fund are Major Cineplex Group PCL with a stake of 33%, and the Social Security Office with 30.43%. MJLF’s policy is to pay dividends to unit holders no more than quarterly if the fund posts a net profit. The payment will be no less than 90% of annual net profits. For more information on Major Cineplex Lifestyle Property Fund, please visit ING Funds (Thailand) Co., Ltd.’s website at www.ingfunds.co.th, or the SET website at www.set.or.th For more information, please contact the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Sarinluck Jitkawong Tel: 0-2229-2037 / Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797

แท็ก major cineplex   thailand   Bangkok   karaoke   sport   TOT  

เว็บไซต์นี้มีการใช้งานคุกกี้ ศึกษารายละเอียดเพิ่มเติมได้ที่ นโยบายความเป็นส่วนตัว และ ข้อตกลงการใช้บริการ รับทราบ