Tesco Lotus fund sets offering price at top of indicated range

Tesco’s Thai property fund seeks to raise $245 million from its preferential offering, which it plans to invest in five additional shopping malls in Thailand.

Tesco Lotus fund sets offering price at top of indicated range

The Thai property fund of UK supermarket chain Tesco has fixed the price for its upcoming preferential public offering at Bt13.30 per unit and said on Friday that existing unitholders will be able to buy 0.3205 new units for every existing unit they own.

This will allow it to raise about Bt7.55 billion $245 million, which is in line with earlier announcements. The fund, whose full name is Tesco Lotus Retail Growth Freehold and...

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