‘Vayupak Mutual Fund One’ has successfully offered Class A investment units. General investors enthusiastically subscribed with a total offering value of 150 billion baht, reflecting long-term investment demand. The Class A investment units are expected to be listed on the Stock Exchange of Thailand on October 7, and can be traded every business day.
Mr. Warah Sucharitakul, Chairman of Finansa Securities Co., Ltd., as financial advisor to Vayupak Mutual Fund One, revealed that the offering of Class A investment units of Vayupak Mutual Fund One (‘the Fund’) to general investors who are retail investors, institutional investors, and specific juristic persons was very successful. There was an investment demand of over 190 billion baht, higher than the total offering value of 150 billion baht, reflecting interest in the Fund as a long-term investment option. In addition, retail investors can check the allocation results of Class A investment units since September 25, 2024 at www.settrade.com/ipo/VAYU1.
Ms. Cha
winda Hanratanakul, Managing Director of Krungthai Asset Management Public Company Limited, as the management company of Vayuphak Mutual Fund One, said that after the offering of Type A investment units of the fund is completed, it is expected that the investment will start according to the fund’s investment policy from October 2024 onwards. The fund has an investment policy in various securities under both active and passive investment management. Most of the investment will be in stocks listed on the Stock Exchange of Thailand and will focus on investing in stocks of companies with good fundamentals and liquidity, long-term stability, sustainable business operations, and good corporate governance, such as companies in the SET100 that have received a SET ESG Rating of A or higher, or companies outside the SET100 that have received a higher SET ESG Rating. In addition, investment in infrastructure funds, real estate funds, and real estate investment trusts that have good returns or high growth potential, liqu
idity, and good corporate governance may be considered.
Mr. Thanachot Rungsitthiwat, Managing Director MFC Asset Management Public Company Limited, as the management company of Vayuphak One Mutual Fund, said that Type A investment units will be allocated in a scripless format. However, unitholders can request for unit certificates after Thailand Securities Depository Co., Ltd. (TSD) has deposited the allocated investment units into their securities trading account or Account 600 and the Type A investment units have been listed on the Stock Exchange of Thailand, with a fee as specified by TSD. Investors can buy and sell investment units after the Type A investment units are listed on the Stock Exchange of Thailand. It is expected that Type A investment units will start trading on the Stock Exchange of Thailand on October 7, 2024. However, investors who deposit investment units with TSD in Account 600 must transfer the investment units to their own securities account first before they can buy and sell such inv
estment units through the Stock Exchange of Thailand on every business day of the Stock Exchange of Thailand and can freely transfer Type A investment units. The price of Type A investment units in the secondary market will change according to the market price mechanism. And retail investors who receive returns in the form of dividends from investing in Type A investment units will be subject to a withholding tax rate of 10 percent.
Source: Thai News Agency