News Detail

Date/Time
07 Mar 2019 19:08:00
Headline
The Seventh Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
Symbol
MNRF
Source
MNRF
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                Acquisition or disposition of assets


          March 7, 2019
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 19/2019 Re: The Seventh Notification for the Sale of 
Immovable property of Multi-National Residence Fund (MNRF)
MFC Asset Management Public Company Limited, as the Management Company of 
Multi-National Residence Fund ("the Fund"), would like to notify the summary of
the sale of immovable property, details as follow:
-    Completion of transaction Date :
February 22, 2019 and February 28, 2019
-    Buyer :
Unit number    Buyer
39/302    Mrs. Natthaporn Choowong
39/315    Miss Eun Ha Jeong
-    Details of asset sold :
Danicha Garden Condominium Building CD unit number 39/302 and 39/315 with total 
usable area of 489.95 square meters, located in the Nichada Thani Compound
-    Location :
Danicha Garden Condominium Building CD, Soi Nichada Thani, Samakee Road, 
Pakkret, Nonthaburi 11120
-    Land Area :
According to the book title suite, total usable area of 489.95 square meters,
-    Transaction Description :
Disposal of asset by which the total value of transaction is 1.01% of the net 
asset value, calculated from the financial statement as of January 31, 2019
-    Disposition Price :
Baht 10,778,900.00, being already paid
-    Value of assets :
            Purchase Price :
Unit Number    Purchase Price
(Investment Price)    Acquisition date
39/302    4,512,231    May 13, 2008
39/315    5,076,743    May 13, 2008

- Condominium unit number 39/302 and 39/315 invested on May 13, 2008 with the 
value of Baht 9,588,974
Book value : Appraisal value by Assetasia Corporation Company Limited as October
 31, 2018
Unit Number    Appraisal value as of October 31, 2018 (Baht)
39/302    5,161,607
39/315    5,807,507
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 10,969,114 by Assetasia Corporation Company Limited (valued on 
October 31, 2018)
           2)  Baht 10,810,000 by Future Appraisal Company Limited (valued on November
 1, 2018)
-    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

Please be informed accordingly.

Sincerely yours,


(Miss Natree Panassutrakorn)
Executive Vice President                         

Property and Infrastructure Fund Department
Tel: 02-649-2174
______________________________________________________________________
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