{"id":2111,"date":"2021-12-07T17:05:42","date_gmt":"2021-12-07T10:05:42","guid":{"rendered":"https:\/\/www.sstrm.co.th\/?page_id=2111"},"modified":"2022-01-10T22:58:17","modified_gmt":"2022-01-10T15:58:17","slug":"about-sstrt","status":"publish","type":"page","link":"https:\/\/www.sstrm.co.th\/en\/about-sstrt\/","title":{"rendered":"About SSTRT"},"content":{"rendered":"\t
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\n\t\t\t\n\t\t\t\n<\/a><\/span>\n

<\/b>Background and Objectives of the REIT<\/span><\/b><\/h2><\/div>\n

Sub Sri Thai Real Estate Investment Trust (\u201cSSTRT\u201d or \u201cREIT\u201d) has been established pursuant to the Trust for Transactions in Capital Market Act, B.E. 2550 on 13 December 2017 due to conversion from Sub Sri Thai Smart Storage Property Fund (\u201cSSTSS\u201d) and has been registered as securities listed on the Stock Exchange of Thailand (“SET”) on 26 December 2017 onwards. In this regard, One Asset Management Co., Ltd. (\u201cONEAM\u201d) is appointed to act as the Trustee of the REIT and SST REIT Management Co., Ltd. (“SSTRM”) act as the REIT Manager.<\/p>\n

\"\"The trust invests in the ownership in land, building and utilities, system works, furniture, materials and equipment that are relevant and necessary for the utilization of land and buildings of the Sub Sri Thai Smart Storage Project, which was obtained from the conversion of the mutual fund to trust as described above. The trust has entered into an agreement to transfer assets and obligations with the property fund at a swap ratio of 1 investment unit per 1 trust unit with cash amounting to 2.68 baht per investment unit.<\/p>\n

There are 82,000,000 trust units issued to the property fund. The trust is considered as the first investment in the key assets and the trust obtained the approval from the Extraordinary General Meeting of trust holders No. 1\/2019 on 17 September 2019 for the first capital increase by converting the Sub Sri Thai Property Fund (SSTPF) into the trust with a swap ratio of 1 unit per 1.1 trust units, with the newly issued trust units to the Sub Sri Thai Property Fund totaling 74,250,000 units and accepting the transfer of assets and obligations with the Sub Sri Thai Property Fund.<\/p>\n\t

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