11 Feb 2019 17:42:00
Details of Properties and Valuation
MFC Patong Heritage Property Fund Details of Properties and Valuation 1. Appraiser : Nexus Property Consultants Co., Ltd. 2. Revaluation Date : April 1st, 2018 3. Location : 183 units in Patong Night Plaza Condominium, locate at 205/16 Soi Fah Prathan, Ratuthit Songroipi Road, Paton, Kathu District, Phuket 4. Details of Properties Projects Type Number Appraisal Value (THB) Nexus Property Consultants Co., Ltd. Patong Heritage Hotel Condominium units (currently running a hotel business under the title "Patong Heritage Hotel") 183 Units 1,062,000,000 Land and building 55.6 Sq. Wah 5. Method of Valuation : The appraiser has applied the income method according to the Fund's structure which derived from an estimation of the net income generated from the subject properties. Under this valuation the appraiser applied 10-year discounted cash flow projection plus its terminal value to indicate the property value 6. Appraisal Value : 1,062,000,000 THB Investors may request for more details of the appraisal report at the Management Company ______________________________________________________________________ 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.