Vayupak Fund IPO Launches Next Week
The Vayupak Fund, a state investment initiative, will open for public subscription next week, offering annual returns of 3-9% over 10 years. The fund will start investing in the Stock Exchange of Thailand on October 1, and trading of investment units will begin on October 7. Investors can subscribe between September 16-20, with a minimum investment of one thousand units valued at ten baht each.
The Vayupak Fund, a state investment initiative, is set to open for public subscription next week.
It promises an annual return of 3-9% over a 10-year period and will commence investing in the Stock Exchange of Thailand (SET) on October 1.
According to Varah Sucharitakul, chairman of Finansia Securities, Vayupak Fund type A will purchase shares on the SET starting from October 1, and investment units will be traded on the bourse from October 7.
The initial public offering will occur between September 16-20, with a minimum investment of one thousand units valued at ten baht each, totalling ten thousand baht.
Investors can increase their investments by 100 units or one thousand baht increments.
The fund is available through underwriters such as MFC Asset Management, Krungthai Asset Management (KTAM), and several major banks.
Any remaining units after the general subscription will be sold to financial institutions on September 23.
Chavinda Hanratanakool, CEO of KTAM, noted that as of September 6, the fund's net asset value stood at nearly 353.6 billion baht with accumulated profits of 142.7 billion baht.
Initially established in 2003 with a size of 100 billion baht, the Vayupak Fund aims to expand by offering additional investment units valued between 100-150 billion baht.
It focuses on sustainable, long-term returns by investing in businesses with good corporate governance and strong fundamentals.
It promises an annual return of 3-9% over a 10-year period and will commence investing in the Stock Exchange of Thailand (SET) on October 1.
According to Varah Sucharitakul, chairman of Finansia Securities, Vayupak Fund type A will purchase shares on the SET starting from October 1, and investment units will be traded on the bourse from October 7.
The initial public offering will occur between September 16-20, with a minimum investment of one thousand units valued at ten baht each, totalling ten thousand baht.
Investors can increase their investments by 100 units or one thousand baht increments.
The fund is available through underwriters such as MFC Asset Management, Krungthai Asset Management (KTAM), and several major banks.
Any remaining units after the general subscription will be sold to financial institutions on September 23.
Chavinda Hanratanakool, CEO of KTAM, noted that as of September 6, the fund's net asset value stood at nearly 353.6 billion baht with accumulated profits of 142.7 billion baht.
Initially established in 2003 with a size of 100 billion baht, the Vayupak Fund aims to expand by offering additional investment units valued between 100-150 billion baht.
It focuses on sustainable, long-term returns by investing in businesses with good corporate governance and strong fundamentals.
