IMPACT Growth REIT’ Sets to Launch up to THB 20 billion IPO of the Real Estate Investment Trust
IMPACT Exhibition Management Co., Ltd. announces its readiness of the Initial Public Offering (IPO) of “IMPACT GROWTH REIT” – the first Real Estate Investment Trust (REIT) in Thailand. The REIT will acquire Freehold Assets of IMPACT Muang Thong Thani Project with the transaction size up to THB 20,000 million. Indicative IPO Subscription for general investors starts from 8 to 12 September 2014 with initial offering price ranges from THB 10.30-10.60 per unit. General investors can subscribe at THB 10.60 per unit. IMPACT GROWTH REIT is expected to mark its first trading day on the Stock Exchange of Thailand on October 1, 2014 having RMI Co.,Ltd. as the REIT Manager and Kasikorn Asset Management Co.,Ltd. (KAsset) as the Trustee. Financial Advisor and Joint-Lead Arrangers of the offering are Maybank Kim Eng Securities (Thailand) Plc, KASIKORNBANK Plc and Kasikorn Securities Plc.