TLOGIS Management

Property Manager
Name : TICON Industrial Connection Public Company Limited
Address : 175 Sathorn City Tower, 13th floor, South Sathorn Road, Sathorn District, Bangkok 10120
Telephone : 0-2679-6565

Within income guarantee period (according to definition in item 3.3(2)), TICON Industrial Connection Public Company Limited has the right to change the property manager, rental income guarantor, and service fees under the rental and service income guarantee contract to TICON Logistics Park Company Limited under the following conditions:

  1. TICON Logistics Company Limited is to be a listed company in the Stock Exchange of Thailand.
  2. TICON Industrial Connection Public Company Limited has to hold no less than 51% stakes of all outstanding investment units of TICON Logistics Park Company limited throughout the income guarantee period according to rental and service income guarantee contract that the Fund entered with TICON Logistics Park as the property manager.
  3. During the changing of the real estate manager:
    • TICON Logistics Park Company Limited has to be rated by the accredited rating agency certified by the Office of Securities Exchange Commission (SEC) with credit rating of no less than TICON Industrial Connection Pcl. or,
    • TICON Industrial Connection Pcl. and/or everyone under the same group has to hold no less than 20% of total outstanding investment units of the property fund throughout income guarantee period according to rental and service income guarantee contract that the Fund entered with TICON Logistics Park as the property manager.

The property management company may appoint other juristic person to be property manager. Such juristic person will have obligations, characteristics, and must not have any prohibited characteristics as determined by the Securities laws and/or relevant regulations. In all, the management company will inform the appointment of the property manager together with the certificate certifying that such juristic person is qualified and have all characteristics as determined by the Office of the Securities Exchange Commission (SEC).

In case the property management company appoint or change property manager, the management company will inform the Office of the SEC in written within 15 days after additional appointment or changes of the property manager. If it is found that the property manager are unqualified, the management company will terminate such property manager and will inform such termination to the Office of the SEC within 15 days after the termination.