30 Sep 2022

Krung Thai Bank PCL grants THB1 billion loan to Krung Thai Asset Management Public Company Limited

Partner Piroon Saengpakdee from R&T Asia (Thailand) Limited acted for Krung Thai Bank PCL to grant a THB1 billion loan to Krung Thai Asset Management Public Company Limited, acting as trustee of DTP Hospitality Freehold and Leasehold Real Estate Investment Trust (“DTPHREIT”) with buy-back condition. The loan is to be utilised for the investment in hotel and serviced apartment properties, with the total investment of DTPHREIT being approximately THB4.1 billion in value.