28 มิถุนายน 2554
Notification of the amendment of Project's details
No.Jor.Thor.3-540621 28 June 2011
RE: Amendment of CPN Retail Growth Leasehold Property Fund (CPNRF)
ATTENTION: The President, Stock Exchange of Thailand
As SCB Asset Management Co., Ltd. ("Asset Management Company") was approved to
amend CPNRF in regard to the criteria and restriction on investment units
holding, increase of registered capital of the Fund, Property appraisal, terms,
policy and method of dividend payment to the unitholders to be in compliance
with the Notification of Office of Securities Exchange Commission
No.Sor.Nor.47/2553, RE: Rules, Conditions and Method of Establishment and
Management of Property Fund (No.3) dated 5 November 2010 in accordance with the
Letter of Office of Securities Exchange Commission No.Nor. 1209/2554, RE: Rules,
Amendment of CPN Retail Growth Leasehold Property Fund (CRNRF) dated 22 June
2011;
Asset Management Company would like to summarize the essence of amendment of the
Fund as follows:-
1. Rule and Restriction of Investment Units Holding: To add "In case there is
the dividend which cannot be paid to the unitholders, during the period of time
that the Asset Management Company had not yet operated so, Asset Management
Company will separately prepare the account and will separate such dividend from
other properties of the Fund by not calculating such dividend with the
calculation of Net Assets Value (NAV) of the Fund.
2. Fund's Capital Increase: To add "In case that the Asset Management Company
failed to offer the investment units within 1 year staring from the date it was
approved to do so by Office of Securities Exchange Commission, as a result, such
approval on the capital increase will terminate;
3. Property Appraisal and Review of Property Appraisal: To add "The Asset
Management Company will send the copy of report of Property Appraisal and Review
of Property Appraisal together with copy of relevant documents and evidences to
the Trustee immediately and the Office within 15 days as from the date of
receipt of such report.
4. Terms, policy and method of dividend payment to the unitholders:
4.1 If any person or same group of persons holding the investment units
exceeding One-Thirds of the total outstanding investment units, the Asset
Management Company will not pay dividend for the amount which exceeds One-Thirds
and will separately prepare the account and will separate such dividend from
other properties of the Fund by not calculating such dividend with the
calculation of Net Assets Value (NAV) of the Fund;
4.2 If such person means the Government Pension Fund, social security fund,
provident fund or mutual fund for general investors, Government Savings Bank,
Stock Exchange of Thailand, foundation or temple or the person approved by
Office of Securities Exchange Commission to hold investment units exceeding
One-Thirds of the total outstanding investment units, the Asset Management
Company will not pay dividend for the amount which exceeds 50% of the total
outstanding investment units and will separately prepare the account and will
separate such dividend from other properties of the Fund by not calculating such
dividend with the calculation of Net Assets Value (NAV) of the Fund;
4.3 If the underwriting company which accepted the investment units in
accordance with the Underwriting Agreement holds the investment units exceeding
One-Thirds of the total outstanding investment units, the Asset Management
Company will pay dividend to such person according to the proportion of
investment units holding of such person;
4.4 If ex-owner or assignor of right in immoveable property, lessor or grantor
of right in immoveable property and the same group of such person, hold
investment units exceeding One-Thirds of the total outstanding investment units,
the Asset Management Company will not pay dividend for the amount which exceeds
One-Thirds of the total outstanding investment units and will separately
prepare the account and will separate such dividend from other properties of the
Fund by not calculating such dividend with the calculation of Net Assets Value
(NAV) of the Fund.
Please be informed accordingly.
Yours sincerely,
SCB Asset Management Co., Ltd.
Mr. Narongsak Plodmechai
Senior Executive Vice President
acting on behalf of President
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