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CPN Retail Growth unit holders to vote on proposed REIT conversion

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CPN Retail Growth unit holders to vote on proposed REIT conversion

CPN Retail Growth Leasehold Property Fund said it will hold a meeting Aug. 21, to gain unitholders' approval on the proposed conversion of the company into a real estate investment trust called CPN Retail Growth Leasehold REIT.

The board of Central Pattana PCL gave the green light on the conversion July 21. Central Pattana owns 590,521,686 units, or 26.69% of the total number of investment units issued and sold in the retail property fund.