By The Nation
SHREIT units will be issued and offered at a final price of Bt9.45 each.
These will be available for subscription by existing unit holders from December 6 to 11 (business days only) and by other institutional and retail investors from December 6 to 13. This will increase SHREIT’s yield to approximately 8.5 per cent in the first year after capital increase, and assert its position as a top-yielding hospitality REIT on the Stock Exchange of Thailand (SET), said Artapong Porndhiti, executive vice president of SCB’s Investment Banking arm, which is acting as financial advisor and lead underwriter.
He added that the capital raised, together with loans, will be invested in two more Southeast Asian properties with a combined value of up to US$171.64 million (approximately Bt5.684 billion).