50 founders or parties related to a project in 12 months; (2) any persons in a combined amount of 20 million baht in 12 months; or (3) institutional investors, venture capital enterprises, private
net worth investors and venture capital enterprises, but no more than 300,000 baht to each individual investor. A combined amount sold to individual investors must be no more than four times of
PVD rules by increasing the permissible investment proportion for PVDs in property funds and infrastructure funds, combined with alternative assets such as commodity, from 15 percent to not more than
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