Tesco Lotus follow-on

Tesco Lotus to raise $240 million for asset acquisitions

Tesco’s Thai property fund plans to invest in five additional shopping malls, the first asset acquisition since its March IPO.
Tesco Lotus: The hypermarket operator has developed more than 1,000 stores in Thailand

Tesco’s Thai property fund is aiming to raise up to Bt7.5 billion ($240 million) to invest in five Tesco Lotus-anchored shopping malls. The deal will comprise the issuance up to 650 million new units to existing shareholders.

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