17 Aug 2020 19:49:00
Details of Properties and its Revaluation
MFC Patong Heritage Property Fund Details of Properties and Valuation 1. Appraiser : SouthEast Asia International Co.,Ltd. 2. Valuation Date : September 1, 2019 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: Project Type Number Appraisal Value (THB) SouthEast Asia International Co.,Ltd. Patong Heritage Hotel Condominium units (currently running a hotel business under the title "Patong Heritage Hotel") 183 Units 843,000,000 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 The appraisal value under the income method according to Fund's structure is THB843,000,000. Investors may request for more details of the appraisal report at the Management Company Property and Infrastructure Fund Department Tel. 02-649-2000 ______________________________________________________________________ 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.