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 SCB aims for capital increase as it reinforces position as a top-yielding hospitality REIT

 SCB aims for capital increase as it reinforces position as a top-yielding hospitality REIT

December 03, 2018

Siam Commercial Bank or SCB announced on Monday that to complete the Strategic Hospitality Extendable Freehold and Leasehold Real Estate Investment Trust’s (SHREIT) first capital increase and to finance the acquisition of a leasehold interest in Sofitel Bali Nusa Dua Beach Resort in Indonesia and a freehold interest in Hilton Garden Inn Kuala Lumpur, Malaysia, up to 410 million.

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