Tesco Thai fund expansion approved

The unit holders of the Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF) have approved the proposed injection of five additional Tesco Lotus-anchored shopping malls into the Thailand-listed property fund.

The unit holders of the Tesco Lotus Retail Growth Freehold and Leasehold Property Fund (TLGF) have approved the proposed injection of five additional Tesco Lotus-anchored shopping malls into the Thailand-listed property fund.

The expansion was proposed on September 3rd and was given the green light at an extraordinary general meeting on October 5th, paving the way for the issuance and allocation of up to 650m new investment units on a public offering basis.

Details of the proposed share issue have yet to be announced.

Shares in Tesco were up 0.35p to 315.70p towards the end of the morning session.

JH

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