News Detail

17 Nov 2017 17:51:00
Re: Sale of Immovable property of Multi-National Residence Fund (MNRF) (No.4)
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                Acquisition and disposition of assets

MFC Asset Management Public Company Limited, as a Management Company of 
Multi-National Residence Fund ("the Fund"), would like to notify the summary of
the sale of immovable property No.4, details as follow:
-    Completion of transaction Date :
November 10, 2017
-    Buyer :
Unit number    Buyer
39/806    Miss Supamitt Intharachote
-    Details of asset sold :
Land title deed number 37403 with two-story house number 39/806, located in the 
Nichadathani Compound
-    Location :
Palm Tree Place, Soi Samakee 29, Samakee Road, Pakkret, Nonthaburi 11120
-    Land Area :
According to the title deed, total Land area of - Rai 1 Ngan 79 Sq.Wha
-    Transaction Description :
Disposal of asset by which the total value of transaction is 1.9208% of the net 
asset value, calculated from the financial statement as of September 30, 2017
-    Disposition Price :
Baht 21,000,000.00, being already paid
-    Value of assets :
            Purchase price:
Title Deed    House Number    Purchase Price
(Investment Price)    The Fund Registration date
37403    39/806    17,297,625.18    May 12, 2008

-  Land title deed number 37403 with two-story house number 39/806

            Book value: Appraisal value by CPM CAPITAL Company Limited as of December 9, 
Title Deed Number    House Number    Appraisal value as of December 9, 2016 (Baht)
37403    39/806    18,542,080.98


Appraisal Values by 2 independent appraisers (based on income approach):
           1. Baht 19,200,000.00 by Future Appraisal Company Limited (valued on July 
19, 2017)
           2. Baht 19,500,000.00 by K.T. Appraisal Company Limited (valued on 
September 1, 2017)
-    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
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