Date/Time 20 ธ.ค. 2567 19:47:00

Headline

Disposal of core asset of APUK Co., Ltd and obtaining maturity loan repayment of MFC INDUSTRIAL REAL ESTATE INVESTMENT TRUST (MIT)

Symbol MIT
Source MIT
20 December 2024 To: President Stock Exchange of Thailand No. Kor.Tor.Ror. Sor.Aor.Sor 165/2024 Re: Disposal of core asset of APUK Co., Ltd and obtaining maturity loan repayment of MFC INDUSTRIAL REAL ESTATE INVESTMENT TRUST (MIT) As Informed in previous Notification 178/2567 on the 22nd of November 2024, MFC Industrial Real Estate Investment Trust ("The Trust" or "MIT") had entered and signed on 15th November 2024 into the sales and purchase agreements ("SPA") between APUK Co., Ltd ("APUK" or "Seller") with the buyer of land and buildings located at Unit C Achor and Hope Land Charlton, London SE7 7SQ, United Kingdom ("Asset") for ?8.2 million. The Trust has completed the sale of asset in accordance to the Unitholders' approval meeting 1/2567 on 23 August 2024 and the net proceeds from the sales deducted all related expense is used to complete the loan repayment to the lender as of the 2nd of December 2024. The current remaining is the process of transfer of titles and related documents with the authorities in accordance with the SPA's requirements and completion as well as relay the claim to the insurance claim monies as a result of the wiring theft which is still pending from the insurer. All of APUK shares will be released of any pledged for the purpose of loan ?9.1 million loan repayment once the lender has received such claim monies. In addition, the lender has agreed to extend the exercise of forceable rights for the loan repayment for a period of 10 weeks (18 February 2025), if in the event of delays, APUK will request for further extension. Furthermore, the REIT Manager will provide additional updates to the unitholders in the event of significant operational progress. Yours sincerely, (Ms. Natree Panassutrakorn) Executive Vice President REIT, Property and Infrastructure Fund Department Tel 0-2649-2000 ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.