News Detail

Date/Time
15 Jun 2017 19:14:00
Headline
Summary of investment for the 1st capital increase of LHHOTEL
Symbol
LHHOTEL
Source
LHHOTEL
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                Land and Houses Fund Management Co., Ltd. As the REIT Manager of LH Hotel 
Leasehold Real Estate Investment Trust (LHHOTEL) would like to inform that
LHHOTEL has made the investment for its 1st capital increase as specified in the
Filling Statement of Unit Trust Offering effective on May 4, 2017 with the
summary as follows:
1.    Details of investment properties for this time is the sublease rights and the
ownership of movable assets in the Grand Center Point Ratchadamri Hotel
("Project") which located on 153/3 Soi Mahadlekluang 1, Rajdamri Road, Lumpini,
Pathumwan, Bangkok, Thailand.
2.    The investment date is June 15, 2017
3.    The price of the investment is Baht 3,749,300,000 (Value added tax and 
transfer registration fee are not included) is included the investment value of
sublease rights of building and equipment of the project is Baht 3,689,300,000
and the investment value of the movable assets of the project is Baht
60,000,000. LHHOTEL is responsible for the transfer registration fee, set up
expenses and other expenses in the total amount of Baht 85,188,877.05
4.    The sub lessor of the sublease rights of the properties and the seller of the
 movable assets is L&H Property Company Limited.(LHP)
Please be informed accordingly.
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