15 Jun 2017 19:14:00
Summary of investment for the 1st capital increase of LHHOTEL
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. ______________________________________________________________________ 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.