Business

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.

Published

10 years ago

March 7, 2011

Aishwarya Gupta

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

Business

Marijuana could generate up to Bt8 billion for Thailand’s pharmaceutical industry

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Headline Editor

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Business

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Banking

Can the Subscription Economy Save Financial Services?

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Insead Knowledge

As the world waits for mass vaccination to revive economic activity, general malaise has overtaken the financial services industry (FSI). And things will probably worsen before they get better: US banks are expected to suffer US$318 billion in net loan losses by the end of 2022, according to Deloitte.

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