BANGKOK, Thailand – Chairman of Finansa Securities and financial advisor for the Vayupak One Fund, Warah Sujaritkul, announced the successful offering of Type A investment units to retail investors, institutional investors, and selected entities. The fund saw investment demand exceeding 190 billion baht, surpassing the target offer value of 150 billion baht, highlighting strong interest in long-term investment opportunities.
Ms. Chavinda Hanratanakul, Managing Director of Krung Thai Asset Management (KTAM), the fund manager, stated that following the completion of the sale of Type A units, the fund is expected to start its investment activities in October.
The Vayupak One Fund will adopt both active and passive investment strategies, focusing primarily on stocks listed on the Stock Exchange of Thailand (SET). The fund will target companies with solid fundamentals, good liquidity, long-term stability, sustainable business practices, and strong corporate governance. This includes companies in the SET100 with an ESG rating of A or higher and firms outside SET100 with high ESG scores. Additionally, the fund may invest in infrastructure funds, real estate funds, and real estate investment trusts (REITs) with strong returns or growth potential and good governance.
Thanachote Rungsitthiwat, Managing Director of MFC Asset Management, explained that Type A units will be issued in a scripless format. However, investors can request physical unit certificates after units are credited into their securities trading accounts by Thailand Securities Depository (TSD). These Type A units will be listed for trading on the Stock Exchange of Thailand (SET) starting on October 7.
Investors holding units in TSD’s account 600 must transfer them to their securities accounts before trading on the SET. Type A units can be freely transferred, with their market price fluctuating based on market dynamics. Retail investors receiving dividends from these units will be subject to a 10% withholding tax.
