07 Mar 2019 19:08:00
The Seventh Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
Acquisition or disposition of assets March 7, 2019 To The President The Stock Exchange of Thailand No. KorTorRor. SorOrSor. 19/2019 Re: The Seventh 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 : February 22, 2019 and February 28, 2019 - Buyer : Unit number Buyer 39/302 Mrs. Natthaporn Choowong 39/315 Miss Eun Ha Jeong - Details of asset sold : Danicha Garden Condominium Building CD unit number 39/302 and 39/315 with total usable area of 489.95 square meters, located in the Nichada Thani Compound - Location : Danicha Garden Condominium Building CD, Soi Nichada Thani, Samakee Road, Pakkret, Nonthaburi 11120 - Land Area : According to the book title suite, total usable area of 489.95 square meters, - Transaction Description : Disposal of asset by which the total value of transaction is 1.01% of the net asset value, calculated from the financial statement as of January 31, 2019 - Disposition Price : Baht 10,778,900.00, being already paid - Value of assets : Purchase Price : Unit Number Purchase Price (Investment Price) Acquisition date 39/302 4,512,231 May 13, 2008 39/315 5,076,743 May 13, 2008 - Condominium unit number 39/302 and 39/315 invested on May 13, 2008 with the value of Baht 9,588,974 Book value : Appraisal value by Assetasia Corporation Company Limited as October 31, 2018 Unit Number Appraisal value as of October 31, 2018 (Baht) 39/302 5,161,607 39/315 5,807,507 Appraisal Values by 2 independent appraisers (based on income approach) : 1) Baht 10,969,114 by Assetasia Corporation Company Limited (valued on October 31, 2018) 2) Baht 10,810,000 by Future Appraisal Company Limited (valued on November 1, 2018) - 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 ______________________________________________________________________ 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.