published : 28 Dec 2020 at 11:39
Frasers Property Industrial REIT Management (Thailand) Company Limited, or “FIRM”, as the manager of FTREIT, disclosed that the Office of the Securities and Exchange Commission (SEC) has granted approval for FIRM to issue additional trust units for the third capital increase of FTREIT.
The total number of additional trust units issued will be up to 241,000,000 units worth approximately 2.8 billion Baht, by means of General Mandate and will be offered to general public who are existing trust unitholders.
FIRM will utilise the capital received from the sale of the additional trust units for the purpose of repayment of the borrowings utilised as necessity for the investment in the additional assets of FTREIT prior to obtaining the proceeds from the capital increase to make such investment and to maintain the appropriate ratio of FTREIT’s interest bearing debt to total asset value.
Frasers Property Industrial REIT Management (Thailand) Company Limited ( FIRM ) announced the offering of additional trust units for the third capital increase of Frasers Property Thailand Industrial Freehold & Leasehold REIT ( FTREIT ) by mean of General Mandate. The total number of additional trust units issued will be up to 241,000,000 units and will be offered to general public who are existing trust unitholders.
0.0854 New trust units will be offered for every one existing trust unit at an offering price of 11.70 Baht.
The subscription period for the additional trust units will be on 14-15 and 18-20 January 2021 during business hours at each branch of Bangkok Bank.
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