SC Asset Forms REIT Subsidiary to Explore Fund Management
SC Asset launched a new REIT management subsidiary with 5 million baht capital to explore fund management opportunities, pending SEC licensing approval.
SC Asset Corporation (SC) informed the Stock Exchange of Thailand that the company has established a new subsidiary, SC ET REIT Management Co., Ltd., with 5 million baht in registered capital to serve as a Real Estate Investment Trust (REIT) manager. The objective is to explore the feasibility of expanding related businesses in the future.
Company Secretary Thira Thon Singphan submitted a letter to the Stock Exchange stating that on October 20, 2026, SCX Corporation Co., Ltd., a subsidiary of SC, established the new entity with the following details: SC ET REIT Management Co., Ltd. has 5 million baht in registered capital divided into 500,000 ordinary shares with a par value of 10 baht each, with SC holding 99.99% of shares.
The board of directors comprises Atthaphon Saritphanthawat, Worachon Nanthakhwang, and Kanokorn Limkamnerd. Funding comes from the company's operating cash flow.
The subsidiary's establishment aims to support the REIT management business, which requires a license from the Securities and Exchange Commission (SEC) before operations can begin. The company noted it is currently studying information and feasibility for this business to consider opportunities for future group expansion, but has not yet concluded when or in what form it will proceed, nor has it decided on any next steps. If there is significant progress regarding licensing and operations, the company will disclose information to the Stock Exchange per relevant regulations.
