News Detail

Date/Time
26 Aug 2019 19:39:00
Headline
The 11th Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
Symbol
MNRF
Source
MNRF
Full Detailed News
Download Full Detailed News
                Acquisition or disposition of assets

August 26, 2019
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 89/2019 Re: The 11th 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 :
August 16, 2019
-    Buyer :
Unit number    Buyer
39/288    Y.Z.F. Industry Co., Ltd
39/297    Mr. Minjung Kim
-    Details of asset sold :
Danicha Garden Condominium unit number 39/288 and39/297 with total usable area 
of 458.20 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 458.20 square meters,
-    Transaction Description :
Disposal of asset by which the total value of transaction is 0.99% of the net 
asset value, calculated from the financial statement as of June 30, 2019
-    Disposition Price :
Baht 10,080,400, being already paid
-    Value of assets :
            Purchase Price:
Unit number    Purchase Price
(Investment Price)    Acquisition date
39/288    3,890,973.00    May 13, 2008
39/297    5,076,743.00    May 13, 2008

- Condominium unit number 39/288 and 39/297 invested on May 13, 2008 with the 
value of Baht 8,967,716.00
Book value : Appraisal value by Assetasia Corporation Company Limited as October
 31, 2018
Unit Number    Appraisal value as of October 31, 2018 (Baht)
39/288    4,450,780.00
39/297    5,807,507.00
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 9,239,192 by Assetasia Corporation Company Limited (valued on May 
3, 2019)
           2)  Baht 9,460,000 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                         

REIT, Property and Infrastructure Fund Department
Tel: 02-649-2175
______________________________________________________________________
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.