Joining “Long Tun Soon Tarn” Fund, a Philanthropic Investment
26 Jul 2015
On 22 July, 2015, at Okrua Prestige Hotel, Bangkok, Khon Kaen Sugar Industry PCL joins BTS Group Holdings PCL, Minor Group PCL, LPN Development, Nam Seng Insurance PLC, and TISCO Financial Group to make a philanthropic investment in a new fund called “Long Tun Soon Tarn.” Philanthropic investment, as ThaiPat Institute explains, promotes the use of investment returns to fund wide-ranging corporate philanthropic projects over the long term, whether it be building schools and other public utilities or providing free medical and other relief during natural disasters. This philanthropic investment fund will be managed by TISCO Financial and advised by the ThaiPat Institute. Altogether, the six companies mentioned above have raised 120 million THB for the fund which will be used to invest in the 100 publically listed companies in the Thailand Stock Exchange that meet the ThaiPat’s criteria for Environmental, Social and Governance (ESG) 100 standard. KSL intends to use the return from such investment to support improvements to public facilities like hospitals as well as donate to schools and provide support programs for underprivileged communities.
