Latest Breaking News On - அரச ஆர்கிட் ஹோட்டல் - Page 1 : comparemela.com

The Stock Exchange of Thailand (SET) will list Grande Royal Orchid Hospitality Real Estate Investment Trust with Buy-Back Condition on July 21 under the ticker symbol GROREIT . It is the real estate investment trust that invests in freehold right of the Royal Orchid Sheraton Hotel & Towers project with asset repurchase condition within five years, making it Thailand s first REIT buy-back. GROREIT has a market capitalization at its initial public offering (IPO) of THB 3.15 billion (approx. USD 96.61 million). SET Senior Executive Vice President Manpong Senanarong said that GROREIT would list and start trading on Property & Construction industry, Property Fund & REITs sector. This REIT buy-back investment type has been approved by The Securities and Exchange Commission (SEC) to offer property developers an option for fund raising, boost liquidity during the COVID-19 pandemic. GROREIT will be considered the first REIT buy-back to be listed on SET.

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