Business
Thailand’s Strategic Property Investors to raise up to $115m via REIT
The subscription will be held in the middle of December and offered to business partners, parties related to the REIT manager, institutional investors, foreign initial purchasers, patrons of the underwriters as well as general investors.
Strategic Property Investors Co Ltd (SPI), an independent REIT manager, has formed the Strategic Hospitality Extendable Freehold and Leasehold REIT (SHREIT) to raise up to 3.74 billion baht ($115 million) for operating three hotels in Indonesia and Vietnam.
The three hotels are Pullman Jakarta Central Park, Capri by Fraser in Indonesia and IBIS Saigon South in Vietnam, executive director James Lim told local media.
The total outlay of SHREIT will not exceed 5.42 billion baht ($166.2 million), raising from the subscription of trust units of a combined value of no more than 3.74 billion baht and the remaining 1.68 billion baht in loans from financial institutions.
Veena Lertnimitr, executive vice president, primary distribution, Siam Commercial Bank, said the estimated returns are in the range of 7.67 to 7.72 per cent annually as disclosed in the prospectus.
The subscription will be held in the middle of December and offered to business partners, parties related to the REIT manager, institutional investors, foreign initial purchasers, patrons of the underwriters as well as general investors.
The trust will be listed on the Stock Exchange of Thailand as a secondary market this year.
According to local media reports, SPI plans to raise an additional 5 billion baht ($153 million) via new REITs and loans in 2018 to continue investing in hotels in Vietnam, Indonesia and Cambodia.
DEALSTREETASIA Pte. Ltd. is a news and intelligence platform providing reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of startups across the Asian region.
Banking
Can Fintech drive a strong post-COVID-19 recovery in Asia?
The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.
Business
Asia’s supply chains to be tested by COVID-19 vaccine delivery
The global logistics company DHL estimates that global vaccine coverage will take around 200,000 pallet shipments and 15 million deliveries in cooling boxes as well as 15,000 flights.

The enormous logistical challenge of vaccine distribution will be aided by trade and supply chain finance guarantees.
(more…)Business
Online intellectual property dispute platform to go live next year
The online dispute settlement platform for intellectual property cases will assist with cases related to copyright, patents, and trademark infringements using digital technology.
-
Forex5 days ago
Leverage from Forex Brokers & How Beginners Can Benefit from It
-
National1 day ago
Human trafficking cases in Thailand hit decade low due to COVID-19
-
Economics2 days ago
Thai economy to grow 4% in 2021 following 6.5% decline in 2020
-
Banking3 days ago
Can Fintech drive a strong post-COVID-19 recovery in Asia?