17 Nov 2017 17:51:00
Re: Sale of Immovable property of Multi-National Residence Fund (MNRF) (No.4)
Acquisition and disposition of assets MFC Asset Management Public Company Limited, as a Management Company of Multi-National Residence Fund ("the Fund"), would like to notify the summary of the sale of immovable property No.4, details as follow: - Completion of transaction Date : November 10, 2017 - Buyer : Unit number Buyer 39/806 Miss Supamitt Intharachote - Details of asset sold : Land title deed number 37403 with two-story house number 39/806, located in the Nichadathani Compound - Location : Palm Tree Place, Soi Samakee 29, Samakee Road, Pakkret, Nonthaburi 11120 - Land Area : According to the title deed, total Land area of - Rai 1 Ngan 79 Sq.Wha - Transaction Description : Disposal of asset by which the total value of transaction is 1.9208% of the net asset value, calculated from the financial statement as of September 30, 2017 - Disposition Price : Baht 21,000,000.00, being already paid - Value of assets : Purchase price: Title Deed House Number Purchase Price (Investment Price) The Fund Registration date 37403 39/806 17,297,625.18 May 12, 2008 - Land title deed number 37403 with two-story house number 39/806 Book value: Appraisal value by CPM CAPITAL Company Limited as of December 9, 2016 Title Deed Number House Number Appraisal value as of December 9, 2016 (Baht) 37403 39/806 18,542,080.98 Appraisal Values by 2 independent appraisers (based on income approach): 1. Baht 19,200,000.00 by Future Appraisal Company Limited (valued on July 19, 2017) 2. Baht 19,500,000.00 by K.T. Appraisal Company Limited (valued on September 1, 2017) - Criteria to determine the value of transaction : The value of transaction is determined by purchase price and appraisal value - Benefits from asset disposal : Realize gain from property appreciation - Plan to use the proceeds : The Fund will proceed for capital reduction to unitholders at appropriate time. - Approval of transaction : Approved by the Property Investment Committee of Management Company ______________________________________________________________________ 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.