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SET : TICON Last : THB16.20 Change | % : 0.10|0.62 %

News

02
Nov
2017
TMAN sets to become manager of Thailand's largest REIT

TICON Management, Co., Ltd., (TMAN) as the REIT manager of TICON Freehold and Leasehold Real Estate Investment Trust (TREIT), recently organized an extraordinary meeting of unitholders of 1/2017 to consider the conversion of TFUND, TLOGISand TGROWTH into TREIT. The unitholders overwhelmingly approved the conversion of the three property funds into TREIT. After the conversion, TREIT will possess assets worth more than 32 billion baht. In addition, TREIT unitholders also approved the plan for an additional investment in TICON group's properties of not less than 3.5 billion baht after the conversion, which will make TREIT to become the largest REIT in Thailand with total assets of more than 36 billion baht.

TMAN's Executive Group Posing (from left) : Mr. Michio Maeda - Director, Mr. Virapan Pulges - Director, Mr. Sun Vithespongse - President and Independent Director, Mr. Peerapat Srisukont - Managing Director, Mr. Sopon Racharaksa - Director and Mr.Sopon Punyaratabandhu - Independent Director.