News Detail

Date/Time
19 Jun 2019 17:03:00
Headline
The Nineth 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


          June 19, 2019
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 71/2019 Re: The Nineth 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 :
June 5, 2019
-    Buyer :
Unit number    Buyer
39/317    Mr. Qiang Hou
-    Details of asset sold :
Danicha Garden Condominium Building CD unit number 39/317 with total usable area
 of 259.40 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 259.40 square meters,
-    Transaction Description :
Disposal of asset by which the total value of transaction is 0.56% of the net 
asset value, calculated from the financial statement as of April 30, 2019
-    Disposition Price :
Baht 5,706,800, being already paid
-    Value of assets :
            Purchase Price:
Unit Number    Purchase Price
(Investment Price)    Acquisition date
39/317    5,083,109.50    May 13, 2008
- Condominium unit number 39/317 invested on May 13, 2008 with the value of Baht
 5,083,109.50


Book value : Appraisal value by Assetasia Corporation Company Limited as October
 31, 2018
Unit Number    Appraisal value as of October 31, 2018 (Baht)
39/317    5,807,507
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 5,230,568 by Assetasia Corporation Company Limited (valued on May 
3, 2019)
           2)  Baht 5,480,000 by Future Appraisal Company Limited (valued on May 2, 
2019)
-    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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