MFC Nichada Thani Property Fund 2 : Sale of Immovable property of Nichada Thani Property Fund 2 (MNIT2) (No.8)

Date/Time

03 Mar 2022 19:18:48

Headline

Sale of Immovable property of Nichada Thani Property Fund 2 (MNIT2) (No.8)

Symbol

MNIT2

Source

MNIT2

Full Detailed News

                Acquisition or disposition of assets

 March 3, 2022
To    The President
The Stock Exchange of Thailand
No. Kor Tor Ror. Sor Aor Sor. 025/2565 Re: Sale of Immovable property of Nichada
 Thani Property Fund 2 (MNIT2) (No.8)
MFC Asset Management Public Company Limited, as a Management Company of Nichada 
Thani Property Fund 2 ("the Fund"), would like to notify the summary of the sale
 of immovable property No.8, details as follow:
-    Completion of transaction Date :
February 23, 2022
-    Buyer :
Unit number    Buyer
39/903    Mr.Vichai Tanglertsumpun and Ms. Ornuma Kitilimtrakul
-    Details of asset sold :
Land title deed number 40401 with two-story house number 39/903, located in the 
Nichada Thani Compound
-    Location :
The Regent 2, Soi Samakee 29, Samakee Road, Pakkret, Nonthaburi 11120
-    Land Area :
According to the title deed number 40401, total Land area of - Rai 1 Ngan 89.3 
Sq.Wha
-    Transaction Description :
Disposal of asset by which the total value of transaction is 2.4675% of the net 
asset value, calculated from the financial statement as of  December 31, 2021
-    Disposition Price :
Baht 22,000,000 being already paid









-    Value of assets :
            Purchase price:
Title Deed    House Number    Purchase Price
(Investment Price)    The Fund Registration date
40401    39/903    18,495,812.90     December 23, 2008




- Land title deed number 40401 with two-story house number 39/903
-    Book value: Appraisal value by Future Appraisal Corporation Limited as of  
September 6, 2021
Title Deed Number    House Number    Appraisal value as of  September 6 ,2021
(Baht)
40401    39/903    18,630,000


    

        Appraisal Values by 2 independent appraisers (based on income approach):
           1. Baht 18,000,000 by Assetasia Corporation Limited (valued on August 24, 
2021)
           2. Baht 18,630,000 by Future Appraisal Corporation Limited (valued on 
September 6, 2021)
-    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,


(Ms. Natree Panassutrakorn)
Executive Vice President

Property and Infrastructure Fund Department
Tel: [phone]
______________________________________________________________________
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