Tesco Lotus to raise $240 million for asset acquisitions

Tesco Lotus: The hypermarket operator has developed more than 1,000 stores in Thailand

Tesco’s Thai property fund is aiming to raise up to Bt7.5 billion ($240 million) to invest in five Tesco Lotus-anchored shopping malls. The deal will comprise the issuance up to 650 million new units to existing shareholders.