News Detail

Date/Time
10 Aug 2021 13:03:00
Headline
Notification of Resolution of the Extraordinary General Meeting No.1/2021 of MFC Patong Heritage Property Fund (M-PAT) through electronic meeting platform
Symbol
M-PAT
Source
M-PAT
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                Resolution of investment unitholders'/trust unitholders' meeting

Subject                                  : Investment unitholders' resolution
Meeting date                             : 10-Aug-2021
Meeting's resolution                     : Accordingly approved with fund 
manager's proposal
Remark                                   :
August 10, 2021

To:    The President
    The Stock Exchange of Thailand

Re :     Ref : MFC PT. 56/2021 Notification of Resolution of the Extraordinary 
General Meeting No.1/2021 of MFC Patong Heritage Property Fund (M-PAT) through
electronic meeting platform

Dear Sir,    

    Reference is made to that MFC Asset Management PCL. ("Company") as the 
Management Company of MFC Patong Heritage Property Fund (M-PAT) ("Fund"), held
the Extraordinary General Meeting of M-PAT No.1/2021 on August 10, 2021 at 10.00
 a.m. through electronic meeting platform.
    At the time when the Extraordinary General Meeting of M-PAT No.1/2021 started, 
there are unitholders attended by himself and proxy, totaling 74 persons,
holding units in the number of 59,022,840 units, equivalent to 56.2122 Percent
of total units sold (105,000,000 units). The attending unitholders resolved the
issues in the meeting's agenda as follows:

Agenda 1    To acknowledge the Report of the 2021 Annual General Meeting of 
Unitholders of MFC Patong Heritage Property Fund (M-PAT)

Resolution:     Acknowledged the Report of the 2021 Annual General Meeting of 
Unitholders of MFC Patong Heritage Property Fund (M-PAT).

Agenda 2     To consider and approve the extension of lease proposal for Patong 
Heritage Hotel Project

Resolution:     The Meeting approved the extension of lease proposal for Patong 
Heritage Hotel Project, by the majority vote of the total number of units of the
total unitholders who attended the Meeting and eligible to vote, consisting of
the following:

Resolutions    Number of Votes    Representing
Approved    43,204,740    97.4525
Disapproved    0    0.0000
Abstained    1,129,400    2.5475
Total    44,334,140    100.0000


Remarks
1.    For this agenda, there were additional 1 unitholder holding 61,300 units 
present from the previous agenda.
2.    In counting the votes under this agenda, the Management Company will not 
count the number of units held by the unitholders having an interest in this
agenda which are Mrs. Koranun Asvasirayothin and her related person, holding
units in the number of 14,750,000 units, equivalent to 33.27 percent of the
total number of units of the unitholders attending the meeting and having the
right to vote in this agenda.

To proceed with the meeting's resolution, the unitholders' meeting approved to 
authorize the Management Company to perform the followings:
(a)    To negotiate the terms and conditions of the lease agreement, including to 
prepare and execute the lease agreement and/or other agreement or document
relating to the assets of the Fund and to do any other necessary acts as related
 the aforementioned actions in accordance to unitholder's approval;
(b)    To further negotiate the key terms and conditions of the Lease Agreement for
the utmost benefit of the unitholders though it might cause the Lease Agreement
to be changed or modified from the original proposal, provided that it shall
not be a significant change or modification;
(c)    To seek alternative lease agreement that benefits the Fund and then propose 
to the unitholders for further approval.
(d)    To consider alternative proposals or options of sales of asset for the best 
benefit of unitholders. If there are other alternatives or proposals of sales of
asset, the Management Company will propose to the unitholders for further
approval.

Agenda 3     To consider other matters (If any).

    -None-

                        Please be informed accordingly.
                            Sincerely Yours,

                              (Ms. Natree Panassthrkorn)
                                Executive Vice President
______________________________________________________________________
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