Infrastructure Fund Listing on the Stock Exchange of Thailand

Tweet |

Fund means an infrastructure fund or the Thailand Future Fund as the case may be.

Features of the unit of an infrastructure fund

1. Be fully paid
2. Holding bearer’s name
3. No restrictions on transferring the trust units, except for the legal restrictions. Such restrictions must be stated in the project.

• An infrastructure fund can invest in the infrastructure businesses, which refer to the following businesses as per SEC rule:
  • Rail or pipeline transportation
  • Electricity, waterworks
  • Roads, special path, or commissioned path
  • Airports
  • Deep water port
  • Telecommunication or ICT Infrastructure
  • Alternative energy
  • Water management or irrigation systems
  • Natural disaster protection systems including the warning system and disaster mitigation system
  • Waste management system
  • Multi-infrastructure business comprising of complementary facilities, which are:
    • Connected, or promoting mutual benefits, or beneficial to the community or its neighborhood; and
    • Generating or having income contribution for no less than 80% of the composite revenue
• Infra fund going to list on SET must have the following qualifications:
  • Approved by SEC
  • Having the SEC-approved fund manager
  • Having retail unit holders for no less than 20% of each listed tranche

Appointing Thailand Securities Depository Co., Ltd. (TSD) or other SET-approved persons to act as securities registrar

1. Fund management firm submits the listing request
2. Requesting listing for all issued fund units
3. Submitting the request, required documents, and application fee to SET

Duration for listing consideration