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Byline: Wichit Sirithaveeporn
Jan. 2--The Government Pension Fund will sign a joint investment agreement tomorrow with the Brunei Investment Agency (BIA) in a property fund worth US$200 million.
The fund would be invested in the Stock Exchange of Thailand and other debt and equity instruments, with a target return of at least 20 percent, said Wisudhi Srisuphan, chairman of the GPF's investment sub-committee and director of the Fiscal Policy Office.
Under the agreement, the GPF would hold a 33.33 percent stake in the fund and the BIA 66.67 percent. They will establish a joint venture, TPAC Co, with registered capital of six million baht, in which ...
Source: HighBeam Research, Thai Fund to Establish $200 Million Property Fund with Brunei.