News Detail

Date/Time
20 Jul 2021 08:04:00
Headline
SET adds new listed securities : GROREIT to be traded on July 21, 2021
Symbol
GROREIT
Source
SET
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                Listing

Listing                                  : REIT
REIT's name                              : GRANDE ROYAL ORCHID HOSPITALITY REAL 
ESTATE INVESTMENT TRUST WITH BUY-BACK CONDITION (GROREIT)
Symbol                                   : GROREIT
Sector                                   : Property Fund & REITs
Industry                                 : Property & Construction
Secondary market                         : SET
Trading date                             : 21-Jul-2021
Number of investment units (Units)       : 315,000,000
Par value (baht per unit)                : 10.00
Offering price (baht per unit)           : 10.00
Project summary                          : The trust invests in the freehold 
right of the Royal Orchid Sheraton Hotel and Tower. Royal Orchid Hotel
(Thailand) Public Company Limited (ROH) as former owner shall be lessee and
buyer for asset buy-back. The period of leasing is for 3 years and shall be
renew the term of 2 times, for 1 year each. The trust has condition of selling
asset to ROH at the end of year 3-5.
REIT manager                             : One Asset Management Company Limited
Trustee                                  : MFC Asset Management Public Company 
Limited
Property manager                         : Sheraton Overseas Management 
Corporation
Remark                                   :
Please see the Information Memorandum of GROREIT through PDF File
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