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New Property Fund listed on Stock Exchange of Thailand (SET)

Trinity Property Fund will start trading on The Stock Exchange of Thailand (SET) under the symbol of “TNPF” from March 8, making it the second property fund to be listed on the SET this year.

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Trinity Property Fund will start trading on The Stock Exchange of Thailand (SET) under the symbol of “TNPF” from March 8, making it the second property fund to be listed on the SET this year.

Trinity Property Fund, worth THB710 million (approx. USD23.29 million), will belisted in the Property Fund sector of the Property & Construction industrial group, under the trade symbol of “TNPF”, Mr. Chanitr Charnchainarong, SET Group Head, Issuer & Listing, revealed.

TNPF is a closed-end specific property fund with an unspecified project life. It is a freehold property fund invested in property in major commercial and business areas of Bangkok, with focusing on serviced apartments and shopping malls.

TNPF has appointed Capital Nomura Securities PCL as its underwriter and One Asset Management Limited as its fund manager. TNPF will pay dividends at least once a year, at no less than 90% of its net profits excluding unrealized gains from the auditing of property appraisals or leases during the related accounting period.

TNPF’s top three shareholders after its IPO are Trinity Asset Co., Ltd with 30.01% of total investment units, followed by the Ubonratana Foundation (2.82%) and Ms. Pranee Pha-oenchoke (2.78%).

For more information on TNPF, please see the fund’s prospectus at the Securities and Exchange Commission (SEC)’s website at www.sec.or.th and general information on SET’s website at www.set.or.th

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Business

Thailand aims to push its games and content industry

After almost a year under the pandemic, the number of game players in Thailand rose to 32 million and helped the market generate over a billion dollars in 2020, according to NewZoo, an international analytics and market research group.

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Currently, key digital organizations involved in the economy are joining forces to push the Thai gaming industry, so as to attain the level of a regional hub.

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Investment

Thailand’s H1 Investment Applications rise 158% in combined value, BOI says

Japanese firms ranked first with 87 projects worth 42.8 billion baht, followed by investments from the U.S. with 18 projects worth 24.1 billion baht, and China with 63 projects worth 18.6 billion baht.

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In the first six months of 2021, Thailand’s investment applications increased 14% from the year earlier period in terms of the number of projects, and 158% in combined value, led by increasing foreign direct investment (FDI) applications, sustained growth in target industries including the electronics and medical sectors, as well as in power generation, the Thailand Board of Investment (BOI) said.

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