PB.O. 650812 | |
11 August 2022 | |
Subject | The amendment to the Fund Schemes of KPN Property Fund (KPNPF) |
Attention | President |
The Stock Exchange of Thailand | |
Attachments | Table showing the amendment to the Fund Project |
Kasikorn Asset Management Company Limited (the "Management Company") as the Management Company of KPN Property Fund (KPNPF) (the "Fund") hereby informs that the Management Company has amended the Fund schemes of the Fund as follows:
- To amendment to the Fund schemes regarding the Notification of the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)
- Clause 5 Borrowing Policy
- Clause 26.1 Right, duty and responsibility of the Management Company
- Clause 38 The unitholders' meeting
- To amendment to the Fund schemes regarding the Notification of the Capital Market Supervisory Board No. TorNor.36/2562 Re: Management of Property Funds
- Clause 6 Rule of investment
- To amendment to the Fund schemes regarding the Notification of the Capital Market Supervisory Board No. TorNor.36/2562 Re: Management of Property Funds and the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)
- Clause 23 Increase of Registered Capital of Fund
- To amendment to the Fund schemes regarding the Notification of the Securities and Exchange Commission regarding the Notification of the Capital Market Supervisory Board No. SorNor.41/2562 Re: Details of schemes of Property Fund and the Securities and Exchange Act, B.E. 2535 (A.D. 1992), Section 129/2 as amended by the Securities and Exchange Act (No.6) B.E. 2562 (A.D. 2019)
4.1 Clause 33 The amendment to the Fund schemes or the management procedures
The amendments to the Fund schemes are in accordance with the Securities and Exchange Act and the Notification of the Capital Market Supervisory Board as mentioned in the Fund project. Thus, the amendments deem to get an approval from the Office of the Securities and Exchange Commission regarding the Notification of the Capital Market Supervisory Board No. SorNor.41/2562, Re: Details of schemes of Property Fund date 25 April 2019 (and its amendments).
The amendment to the Fund schemes is effective from 1 September 2022
Please be informed accordingly
Yours sincerely,
(Ms. Sunida Meechookul)
KPN Property Fund
Kasikorn Asset Management Company Limited
Table showing the amendment to the Fund Project
Clause | Existing Statement | Amended Statement | |||||||||||||||||||||
Clause 5 Borrowing Policy | |||||||||||||||||||||||
(4) | Fund can be borrowed by the Management | - Remove the existing statement and apply the new | |||||||||||||||||||||
Section 2 -1 | Company upon majority votes of | the | statement as follows-; | ||||||||||||||||||||
unitholders, consisting of more than half of the | Fund | can | be | borrowed | by | the | Management | ||||||||||||||||
investment | units | that have | been | sold, | in a | ||||||||||||||||||
Company upon | majority votes | of the unitholders, | |||||||||||||||||||||
meeting that has been called for properly or via | |||||||||||||||||||||||
consisting of more than half of the investment units | |||||||||||||||||||||||
written circular | resolution. | For | the | Fund | |||||||||||||||||||
held by the unitholders who attend the meeting and | |||||||||||||||||||||||
borrowing in accordance with Item (1)(c), the | |||||||||||||||||||||||
have | voting | rights | in | a meeting that has been | |||||||||||||||||||
Management | Company | is | prohibited | from | |||||||||||||||||||
properly or | via | written | circular | resolution. For | the | ||||||||||||||||||
counting | the investment | units | held | by | |||||||||||||||||||
Fund borrowing in accordance with Item (1)(c), the | |||||||||||||||||||||||
unitholders | with | interests | in | additional | |||||||||||||||||||
Management Company is prohibited from counting | |||||||||||||||||||||||
investment in real estate or leasehold rights in | |||||||||||||||||||||||
the | investment | units | held | by unitholders | with | ||||||||||||||||||
such a resolution. | |||||||||||||||||||||||
interests in additional investment in real estate or | |||||||||||||||||||||||
leasehold rights in such a resolution. | |||||||||||||||||||||||
Clause 6 Rule of investment | |||||||||||||||||||||||
6.1.10 | The Management Company shall arrange for | - Remove the existing statement and apply the new | |||||||||||||||||||||
Section 2 - 4 | insurance, as follows: | statement as follows-; | |||||||||||||||||||||
(1) Adequate | and appropriate | insurance in | The | Management | Company | shall | arrange | for | |||||||||||||||
accordance with | interests that | the | Fund | has | |||||||||||||||||||
insurance, as follows: | |||||||||||||||||||||||
toward real estate or leasehold rights in which it | |||||||||||||||||||||||
(1) | Adequate | and | appropriate | insurance | in | ||||||||||||||||||
has invested, | in order to protect against | any | |||||||||||||||||||||
accordance with interests that the Fund has towards | |||||||||||||||||||||||
damages to the Fund caused by any disasters. | |||||||||||||||||||||||
real | estate | or | leasehold rights in | which it | has | ||||||||||||||||||
The Fund shall be designated as the beneficiary | |||||||||||||||||||||||
invested, in order to protect against any damages to | |||||||||||||||||||||||
of such insurance, with approval of the Fund | |||||||||||||||||||||||
the Fund caused by any disasters. The Fund shall | |||||||||||||||||||||||
Supervisor. | |||||||||||||||||||||||
be designated as the beneficiary of such insurance. | |||||||||||||||||||||||
Clause 23 Increase of Registered Capital of Fund | |||||||||||||||||||||||
23.2 | For capital increase of the Fund, | the | - Remove the existing statement and apply the new | ||||||||||||||||||||
Section 2 -39 | Management | Company | shall | conduct | the | statement as follows-; | |||||||||||||||||
following actions: | For capital increase of the Fund, the Management | ||||||||||||||||||||||
(1) Requesting a resolution of the unitholders | |||||||||||||||||||||||
Company shall conduct the following actions: | |||||||||||||||||||||||
related to the objectives | of registered | capital | |||||||||||||||||||||
(1) | Requesting | a | resolution | of the unitholders | |||||||||||||||||||
increase, | number of investment | units | and | ||||||||||||||||||||
related | to | the | objectives | of | registered capital | ||||||||||||||||||
amount of registered capital increase, pricing | |||||||||||||||||||||||
increase, number of investment units and amount of | |||||||||||||||||||||||
Clause | Existing Statement | Amended Statement |
method for investment units to be offered, and | registered capital increase, pricing method for | |
investment unit offering method, which shall be | investment units to be offered, and investment unit | |
voted on per the following guidelines: | offering method, which shall be voted on per the | |
(a) In case where a written request for | following guidelines: | |
resolution has been sent to the unitholders, | (a) In case where a written request for resolution | |
the resolution must be passed by more | has been sent to the unitholders, the resolution | |
than half of the votes of investment units | must be passed by not less than 3/4 of the | |
that have been sold and have voting rights | investment units of the unitholders with voting | |
of the Fund. | rights, who have submitted their reply. | |
(b) In case where a meeting of unitholders | (b) In case where a meeting of unitholders has | |
has been called for, the resolution must be | been called for, the resolution must be passed | |
passed by not less than 3/4 of the | by not less than 3/4 of the investment units of | |
investment units of the unitholders with | the unitholders with voting rights, who attend | |
voting rights, who attend the meeting. Such | the meeting. Such a meeting must be attended | |
a meeting must be attended by not less | by not less than 25 unitholders or not less than | |
than 25 unitholders or not less than half of | half of the total number of unitholders. The | |
the total number of unitholders. The | unitholders who attend the meeting must | |
unitholders who attend the meeting must | together hold not less than 1/3 of the Fund's | |
together hold not less than 1/3 of the | investment units that have been sold, to | |
Fund's investment units that have been | constitute a quorum. | |
sold, to constitute a quorum. | (2) Requesting a resolution of the unitholders related | |
( 2) Requesting a resolution of the unitholders | to amendment of the project to be consistent with the | |
related to amendment of the project to be | registered capital increase in accordance with the | |
consistent with the registered capital increase in | resolution of the unitholders as specified in (1), | |
accordance with the resolution of the | where the resolution has been passed by more than | |
unitholders as specified in (1), where the | half of the investment units of the unitholders with | |
resolution has been passed by more than half of | voting rights, who attend the meeting or have | |
the investment units that have been sold. | submitted their reply. | |
Clause 26.1 Right, duty and responsibility of the Management Company | ||
26.1.3 | Conditions of Changes of the Management | - Remove the existing statement and apply the new |
Section 2 - 52 | Company | statement as follows-; |
Fund may change the Management Company | Condition of Changes of the Management Company | |
upon any of the following cases and/or upon | ||
approval by the Office of the Securities and | ||
Exchange Commission (SEC): | ||
Clause | Existing Statement | Amended Statement | |||
1 ) When the unitholders of the Fund pass a | Fund may change the Management Company upon | ||||
resolution of the unitholders of more than half of | any of the following cases and/or upon approval by | ||||
the investment units that have been sold to | the Office of the SEC: | ||||
change | the Management Company, the | 1 ) When the unitholders of the Fund pass a | |||
unitholders shall give a written notice of such a | |||||
resolution of the unitholders holding more than half | |||||
change to the Management Company not less | |||||
of the investment units of the unitholders with voting | |||||
than 90 days in advance. | |||||
rights, who attend the meeting or have submitted the | |||||
reply, to change the Management Company, the | |||||
unitholders shall give a written notice of such a | |||||
change to the Management Company not less than | |||||
90 days in advance. | |||||
Clause 33 The amendment to the Fund schemes or the management procedures | |||||
33.1 Amendment of project in case of modification of - Remove the existing statement and apply the new
Section 2 - 66 laws, regulations or orders | statement as follows-; | ||||||||
In conducting any operations or management of | Amendment | of project in case of modification of | |||||||
the Fund, | the | Management | Company shall | laws, regulations or orders | |||||
comply with the stipulations of the project and | In conducting any operations or management of the | ||||||||
prospectus. However, in case where the SEC or | |||||||||
Fund, the Management Company shall comply with | |||||||||
the Office | of | the | SEC | or | other | regulatory | |||
the stipulations of the project and prospectus. | |||||||||
agencies | issue | laws, | regulations, | ||||||
However, in case where the SEC or the Office of the | |||||||||
announcements, | rules, | orders, | circulars, | ||||||
SEC or other regulatory agencies issue laws, | |||||||||
waivers or changes, amendments or additions | |||||||||
regulations, | announcements, rules, orders, | ||||||||
of existing laws, regulations, announcements, | |||||||||
circulars, waivers or changes, amendments or | |||||||||
rules or orders, | the Management | Company | |||||||
additions | of | existing | laws, | regulations, | |||||
reserves the right to amend, modify or make | |||||||||
announcements, rules or orders, the Management | |||||||||
addition to the Fund management | project or | ||||||||
Company reserves the right to amend, modify or | |||||||||
management methods in compliance with the | |||||||||
make addition to the Fund management project or | |||||||||
amended, modified or added laws, regulations, | |||||||||
management methods in compliance with the | |||||||||
announcements, | rules | or | orders. | the | |||||
amended, modified or added laws, regulations, | |||||||||
Management | Company | shall request | an | ||||||
announcements, rules or orders. | |||||||||
approval of the unitholders to amend the project | |||||||||
to comply with the amended, modified or added | |||||||||
laws, regulations, | announcements, | rules, | or |
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KPN Property Fund published this content on 11 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2022 06:30:01 UTC.