News Detail

11 Jul 2019 16:58:00
SET News :SET welcomes "AIMCG" REIT on July 12
Full Detailed News
Download Full Detailed News
SET News 50/ 2019
         July 11, 2019

SET welcomes "AIMCG" REIT on July 12

BANGKOK, July 11, 2019 - The Stock Exchange of Thailand (SET) will list AIM 
Commercial Growth Leasehold Real Estate Investment Trust worth THB 2.88 billion
(approx. USD 93 million) on July 12, 2019, under the ticker symbol "AIMCG".

SET Senior Executive Vice President Manpong Senanarong said that AIMCG would 
list and start trading under Property & Construction industry, Property Fund &
REITs sector.

AIMCG will invest in the leasehold rights of land and buildings of initial 
assets of three projects, namely 1) UD Town project, Udon Thani province for a
period of approximately 21 years; 2) The 72 Courtyard, Bangkok, for a period of
approximately 13 years; 3) Porto Chino project, Samut Sakhon Province, for a
period of 30 years. AIMCG projects have unique advantages in quality and
distinctive characteristics, and will be managed by experienced property
managers with understanding of the market, namely Udon Plaza Co., Ltd., Chetchot
 Co., Ltd., and D-Land Property Co., Ltd., respectively.

AIMCG offered 288 million units at THB 10.00 each, for a total of THB 2.88 
billion to general public during June 25-28, 2019. AIM Real Estate Management
Co. Ltd. is its REIT Manager. SCB Asset Management Co., Ltd. is its trustee.
Bank of Ayudhaya pcl and Discover Management Co., Ltd. are its joint financial
advisors. Krungsri Securities pcl is its underwriter.

AIMCG Chief Executive Officer Amorn Chulaluksananukul said AIMCG's initial 
assets are high quality with unique locations. Three projects are (1) the UD
Town project, the biggest lifestyle mall in northeastern Thailand, is one of the
popular landmarks of Udon Thani province attractive to  local residents and
nearby provinces as well as tourists from neighboring countries;  (2) The 72
Courtyard is a lifestyle mall located on Sukhumvit 55 (Thonglor), central
business district of Bangkok with strong demand for high-end consumers; (3) The
Porto Chino is the first and biggest lifestyle mall with various restaurants in
Samut Sakhon province, serving local residents from nearby large communities
while becoming a popular rest area conveniently situated on Rama II highway
connecting Bangkok to the western and southern Thailand.

AIMCG's dividend policy is to pay no less than 90 percent of the adjusted net 
profit of its financial year. Major unit holders after its IPO are Allianz
Ayudhya pcl (15.63 percent), Udon Plaza Co., Ltd., (5.03 percent), and Muang
Thai Insurance pcl (2.78 percent).

For more information on AIMCG, please see the company's prospectus at the 
Securities and Exchange Commission's website at; and for general
information, please visit, as well as

                         "SET...Make it Work for Everyone"