Bangkok--7 Aug--SET
Three property funds will be listed on The Stock Exchange of Thailand (SET) next week, consisting of Sala @ Sathorn Property Fund (SSPF), MFC-Strategic Storage Fund (M-STOR) and 101 Montri Storage Property Fund (MONTRI), worth a total of THB2.88 billion (approx. USD84.76 million). The three funds will trade in the Property Fund Sector on August 10, 11, and 14, respectively, revealed SET Chief Market Officer, Issuer & Listing Vichate Tantiwanich
The three funds are non-redeemable and specific property funds, with unspecified project life and a par value of THB10.00 per unit. SSPF has THB1.67 billion (approx. USD49.13 million) in fund size, consisting of 167 million investment units, and with Primavest Asset Management Co., Ltd. as the fund manager. The fund invests in the land and office building of Sala @ Sathorn project, located in the South Sathorn area, which is a financial center in Bangkok. Sala @ Sathorn is owned by St. Louis Holdings Co., Ltd. SSPF’s dividend payment policy is to pay at least once a year, and no less than 90% of annual net profits. Its major unitholders are Government Savings Bank Private Fund by MFC Asset Management PCL and St. Louis Holdings Co., Ltd., which respectively hold 73% and 26.98% of issued investment units.
M-STOR has THB608 million (approx. USD17.88 million) in fund size, consisting of 60.8 million investment units, and with MFC Asset Management PCL as the fund manager. The fund invests in cold storage and warehouse assets of four companies, namely, Agri World Co., Ltd.; Northern Agricultural Co., Ltd.; P.P. Foods Supply Co., Ltd.; and Siam Nippon Engineering Parts Co., Ltd. All locations are at the center of the regional logistic business; Ayutthaya, Samutsakorn, and On-nuch, Bangkok. M-STOR’s dividend payment policy is to pay not over four times a year, and no less than 90% of annual net profits. M-STOR’s major unitholders are Agri World Co., Ltd., P.P. Foods Supply Co., Ltd., and Northern Agricultural Co., Ltd. and Siam Nippon Engineering Parts Co., Ltd, which respectively hold 5.46%, 4.17%, 3.99%, and 3.29% of issued investment units.
MONTRI has THB603 million (approx. USD17.74 million) in fund size, consisting of 60.3 million investment units, and with BT Asset Management Co., Ltd. as the fund manager. The fund will invest in warehouses and 13 dorms owned by Montri Engineering Ltd. Partnership, which operates product warehouses and studios located at Soi Ladphrao 101, an important location of warehouses and distribution center in Bangkok. MONTRI’s dividend payment policy is to pay not over two times a year, and no less than 90% of annual net profits. MONTRI’s major unitholders are Tuntimontri’s and Jurangkool’s groups, which respectively hold 9.96% and 5.84% of the issued investment units.
For more information on the three funds, please see their prospectuses at the Securities and Exchange Commission’s website at www.sec.or.th or for general information, please visit SET’s website at www.set.or.th.
For more information, please contact S-E-T Call Center 0 2229 2222
Press office, please contact Public Relations Unit, the Corporate Communications Dept.: Ladawan Kantawong Tel: 0-2229-2036 / Kanokwan Khemmalai Tel: 0-2229-2048 / Panitee Chatpolarak Tel: 0-2229-2792