Jasmine, Thai hotel fund plan IPO launches | Bangkok Post: business

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Jasmine, Thai hotel fund plan IPO launches

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Jasmine International Plc will offer an infrastructure fund worth 60-70 billion baht, while liquor tycoon Charoen Sirivadhanabhakdi's property development arm will launch a property fund worth 25 billion baht to the public by the third quarter, says a source. 

BBL Asset Management will be the fund manager of Jasmine's fund, while Krung Thai Asset Management will act as fund manager of the Thai Hotel Investment Fund (THIF), said the source, who did not want to be named.

Both funds' initial public offering (IPO) plans have been delayed due to the unfavourable sentiment from the protests.

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