News Detail

Date/Time
24 May 2022 17:03:00
Headline
The 18th Notification for the Sale of Immovable property of Multi-National Residence Fund (MNRF)
Symbol
MNRF
Source
MNRF
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                Acquisition or disposition of assets


          May 24, 2022
To    The President
The Stock Exchange of Thailand
No. KorTorRor. SorOrSor. 51/2022 Re: The 18th 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 :
May 18, 2022
-    Buyer :
Unit number    Buyer
39/286    Ms. Kanokwan Masuwan
-    Details of asset sold :
Danicha Garden Condominium Building C unit number 39/286 with total usable area 
of 198.80 square meters, located in the Nichada Thani Compound
-    Location :
Danicha Garden Condominium Building C, Soi Nichada Thani, Samakee Road, Pakkret,
 Nonthaburi 11120
-    Land Area :
According to the book title suite, total usable area of 198.80 square meters,
-    Transaction Description :
Disposal of asset by which the total value of transaction is 0.53 % of the net 
asset value, calculated from the financial statement as of March 31, 2022
-    Disposition Price :
Baht 4,572,400 being already paid









-    Value of assets :
            Purchase Price :  Investment Price
Unit Number    Purchase Price
(Investment Price)    Acquisition date
39/286    3,890,973.00    May 13, 2008
-    Book value : Appraisal value by K.T. Appraisal Company Limited as April 29, 
2022
Unit Number    Appraisal value as of April 29, 2022 (Baht)
39/286    3,900,000
    Appraisal Values by 2 independent appraisers (based on income approach) :
           1) Baht 13,560,000 by K.T. Appraisal Company Limited (valued on April 29, 
2022)
           2)  Baht 12,455,076 by Assetasia corporation Limited (valued on April 29, 
2022)
-    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
______________________________________________________________________
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