News Detail

Date/Time
11 Jul 2019 17:10:00
Headline
Announcement of Asset Value
Symbol
LUXF
Source
LUXF
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No.  TT/ IM   248/2019

                                    11 July 2019

Attn:     President
    The Stock Exchange of Thailand

Re:    Announcement of Asset Value

Dear Sir,

TMB Asset Management Co., Ltd. (The Management Company) on behalf of Fund 
Management Company of Luxury Real Estate Investment Fund (LUXF) would like to
announce the asset value from annual asset valuation for the year 2019 as
following details

Appraisal Firm :     CB Richard Ellis (Thailand) Co.,Ltd

Type of Assets : Land and Building

Location :56 Moo 5 Ban Pa Sai - Ban Tha Khao Road, Koh Yao Noi Sub District, Koh
 Yao District, Phang Nga Province


Valuation  approach : Income Approach

Cash-flow projection period : 10 Years

Date of valuation : 25 June 2019

Open Market Value  :
2,240,000,000 Baht ( Two Thousand Two Hundred and Forty Million Baht)*

*Note: The above Open Market Value took  into account the existing contracts in 
generating revenue from the asset by Luxury Real Estate Investment Fund ( Lease
Contract) as a part of valuation assumption under the announcement of
Securities and Exchange Commission No. Nor (Wor) 22/2010 dated 22 July 2010  Re:
 "Valuation and Valuation Review of Property Fund"

Investors can inquire information relation to the valuation report or valuation 
review report from TMB Asset Management Co., Ltd

Please notify accordingly
______________________________________________________________________
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.