News Detail

Date/Time
28 Apr 2017 19:04:00
Headline
Book closing date for determining the right of existing trust unitholders to subscribe for additional unit trusts for the capital increase (Edit)
Symbol
LHHOTEL
Source
LHHOTEL
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                Fund's increasing capital

Subject                                  : Fund's increasing capital
Date announced                           : 01-Nov-2016
Allocated to                             : - Unitholders
Record date for the right to subscribe   : 12-May-2017
additional investment units (New)
Book closing date for collecting         : 15-May-2017
unitholders names under Section 225 of 
the Securities and Exchange Act (New)
Ex-rights date (XR) (New)                : 09-May-2017
Allocated to                             : - Private placement
Person(s) receiving allotment(s)         :1. Land and Houses Public Company 
Limited ("LH") (A major shareholder of the lessor to the trust) and/or
affiliated companies and/or related parties
2. GIC Pte Ltd which is Reco Resorts Pte Ltd subsidiary (A major shareholder of 
the lessor to the trust) and/or affiliated companies and/or related parties
Allocated to                             : - Public offering
Remark (Update)                          :
Reference is made to the resolution of Extraordinary General Meeting of Trust 
Unitholders' Meeting No.  1/2016 on 1 November 2016 of LH Hotel Leasehold Real
Estate Investment Trust (LHHOTEL)  to approve the Trust to proceed the capital
increase through the issuance and offer for sale of additional trust units of
the Trust in the amount not exceeding  388,740,000 Units. The additional trust
units to be offered are divided into three portions as follows:
First Portion: To offer not less than 50 percentage of all trust units issued 
and offered for sale for this increase of capital to existing trust unitholders
(Rights Offering).
    Second Portion: To offer the outstanding additional trust units after the 
offering to the existing trust unitholders to
Shareholders of the lessor and/or affiliated companies and/or related parties, 
which is divided as follows:
1.    Offering to Land and Houses Public Company Limited ("LH") (A major 
shareholder of the lessor to the trust) and/or affiliated companies and/or
related parties in the amount not exceeding 20 percentage of the total issuance
or 77,748,000 units.
2.    Offering to GIC Pte Ltd which is Reco Resorts Pte Ltd subsidiary (A major 
shareholder of the lessor to the trust) and/or affiliated companies and/or
related parties in the amount not exceeding 6 percentage of the total issuance
or 23,324,400 units.
Third Portion: To offer the outstanding additional trust units after the 
offering to the previous first and second portions to the general public (Public
 Offering).
 As Securities and Exchange Commission ("SEC Office") has approved the 
registration statement for offing the trust units and draft prospectus for the
capital increase ("the registration statement") on 28 April 2017. In this
regard, the meeting of the Board of Directors of Land and House Fund Management
Co., Ltd. ("Company") in its capacity of the REIT Manager of LHHOTEL Trust on 28
April 2017 passed a resolution to determine the date on which the trust
unitholders entitled to subscribe for the additional trust units on 12 May 2017
(Record Date) and the date on which the name list of trust unitholders is
compiled under Section 225 of the Securities and Exchange Act B.E. 2535 by
closing the trust unit register book on 15 May 2017 (Book Closing Date). The
Company will notify the right ratio and the offering price in due course.
______________________________________________________________________
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