Thai State Firms May Raise Funds Using REITs, Charamporn Says

Sept. 21 (Bloomberg) -- Thailand’s state-controlled companies may sell shares in real estate investment trusts to fund their expansion, said Charamporn Jotikasthira, president of the Stock Exchange of Thailand.

The sale of investment trusts would allow state companies to reduce their dependence on the government’s budget, Charamporn told reporters in Bangkok today.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net