Thai Charoen Pokphand Group (CP) and TCC Group plans to sell to the public in a separate real estate fund, in order to improve combined 2.8 billion baht ($ 891 million) control of the real estate companies, Krung Thai Asset Management fund manager said.
CP Land Co., Ltd., by the country's richest man Dhanin control, aimed at raising funds from several office leasing up to 10 billion baht, Krung Thai Bank's CEO, Chung Boonnamrisi, told reporters on Monday.
TCC Land Limited, which is the TCC Group, controlled by billionaire Charoen Pokphand Sirivadhanabhakdi part of the real estate business, the company also plans to raise 250 million baht Thai retail investment funds TRIFu.BK size of about 20 billion baht, Somchai said.
Is expected to be completed by the end of this year the two fund IPO process, the fund manager said.
Earlier this year, TCC Land size raise 2.7 billion baht, Thai Commercial Investment Fund TCIFu.BK from nearly 200 million baht.
CP and TCC is a leading Thai companies in the past few years has been to buy overseas assets, increased its balance sheet debt.
Last year, the Chia Tai Group has agreed to purchase China Ping An Insurance (2318.HK), HSBC Holdings (HSBA.L: Quote) was $ 94 billion U.S. dollars, while the CPP TCC Group's flagship company, Thai Beverage (TBEV.SI), buy Singapore Fraser and Neave (FRNM.SI) 1 month $ 1.1 billion dollars.
 



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