Tesco Lotus fund issues new units | Bangkok Post: business

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Tesco Lotus fund issues new units

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The Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF) has successfully raised 7.54 billion baht by issuing 567.28 new investment units to eligible existing unitholders at a price of 13.30 baht per unit. 

The issue attracted demand from eligible existing unitholders, who fully subscribed to the new investment units, with a subscription rate of more than 150% of the offer size excluding the sponsor's portion.

Somchai Boonnamsiri, the chief executive of Krung Thai Asset Management Plc, which manages the TLGF, said the strong response of existing TLGF unitholders reflects their confidence in the fund's growth potential.

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