News Detail

Date/Time
08 Jul 2019 17:31:00
Headline
The Tenth 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


          July 8, 2019
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 73/2019 Re: The Tenth 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 25, 2019, June 28, 2019, and July 2, 2019
-    Buyer :
Unit number    Buyer
39/287    Ms. Hongyan Shang
39/291    Mr. Shi Cheng
39/295    Mr. Songhua Wang and Mrs. Hanqiu Hu
39/296    Mrs. Xu Qingmei
39/299    Mrs. Lu Jinhua
39/310    Mrs. Hang Qu
-    Details of asset sold :
Danicha Garden Condominium unit number 39/287, 39/291, 39/295, 39/296, 39/299 
and39/310 with total usable area of 1,515.40 square meters, located in the
Nichada Thani Compound
-    Location :
Danicha Garden Condominium, Soi Nichada Thani, Samakee Road, Pakkret, Nonthaburi
 11120
-    Land Area :
According to the book title suite, total usable area of 1,515.40 square meters,
-    Transaction Description :
Disposal of asset by which the total value of transaction is 3.27% of the net 
asset value, calculated from the financial statement as of May 31, 2019
-    Disposition Price :
Baht 33,338,800, being already paid
-    Value of assets :
            Purchase Price:

Unit number    Purchase Price
(Investment Price)    Acquisition date
39/287    3,899,473.00    May 13, 2008
39/291    5,076,743.00    May 13, 2008
39/295    5,076,743.00    May 13, 2008
39/296    5,076,743.00    May 13, 2008
39/299    5,268,502.00    May 13, 2008
39/310    5,268,502.00    May 13, 2008
- Condominium unit number 39/287, 39/291, 39/295, 39/296, 39/299 and 39/310 
invested on May 13, 2008 with the value of Baht 29,666,706.00
Book value : Appraisal value by Assetasia Corporation Company Limited as October
 31, 2018
Unit Number    Appraisal value as of October 31, 2018 (Baht)
39/287    4,450,780.00
39/291    5,807,507.00
39/295    5,807,507.00
39/296    5,807,507.00
39/299    6,026,912.00
39/310    6,026,912.00
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 30,556,680 by Assetasia Corporation Company Limited (valued on May 
3, 2019)
           2)  Baht 31,780,000 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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