26 Aug 2019 19:39:00
The 11th Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
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.