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Valuation Of The Group's Properties As At 31 December 2019

BackFeb 19, 2020
Announcement Title Notice of Valuation of Real Assets
Date & Time of Broadcast Feb 19, 2020 19:08
Status New
Announcement Sub Title VALUATION OF THE GROUP'S PROPERTIES AS AT 31 DECEMBER 2019
Announcement Reference SG200219OTHRBPX9
Submitted By (Co./ Ind. Name) Mr. Yet Kum Meng
Designation Chief Executive Officer and Executive Director
Description (Please provide a detailed description of the event in the box below) Please refer to the attached file.

This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. (the "Sponsor"), in accordance with Rules 226(2)(b) and 753(2) of the Singapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist.

This announcement has not been examined or approved by the SGX-ST. The SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.

The contact person for the Sponsor is Ms Gillian Goh, Director, Head of Continuing Sponsorship (Mailing address: 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318 and E-mail: sponsorship@ppcf.com.sg).
Additional Details
Valuation Details
Date of Valuation Name of the Valuer Description of Property Valuation Currency Valuation Amount
31/12/2019 Colliers International Japan KK Hikari Heights Varus Kotoni Yen 6,072,000,000
31/12/2019 Colliers International Japan KK Hikari Heights Varus Makomanai- Koen Yen 4,317,000,000
31/12/2019 Colliers International Japan KK Elysion Mamigaoka, Elysion Mamigaoka Annex Yen 2,366,000,000
31/12/2019 Colliers International Japan KK Varus Coure Sapporo-Kita Yen 1,720,000,000
31/12/2019 Colliers International Japan KK Varus Coure Sapporo-Kita Annex Yen 993,000,000
31/12/2019 Colliers International Japan KK Hikari Heights Varus Fujino Yen 1,622,000,000
31/12/2019 Colliers International Japan KK Elysion Gakuenmae Yen 1,577,000,000
31/12/2019 Colliers International Japan KK Orchard Kaichi North Yen 1,374,000,000
31/12/2019 Colliers International Japan KK Varus Coure Yamanote Yen 1,027,000,000
31/12/2019 Colliers International Japan KK Orchard Amanohashidate Yen 961,000,000
31/12/2019 Colliers International Japan KK Hikari Heights Varus Ishiyama Yen 929,000,000
31/12/2019 Colliers International Japan KK Hikari Heights Varus Tsukisamu-Koen Yen 747,000,000
31/12/2019 Colliers International Japan KK Orchard Kaichi West Yen 470,000,000
31/12/2019 Savills Real Estate Valuation (Guangzhou) Ltd Wuxi New Districts Phoenix Hospital Yuan Renminbi 311,000,000
31/12/2019 Raine & Horne International Zaki + Partners Sdn Bhd. Mixed Commercial Development Land at Kuala Lumpur, Malaysia Malaysian Ringgit 180,000,000
Valuation of Reports available for inspection at address during office hours 6 Shenton Way, #10-09A, OUE Downtown 2, Singapore 068809
Reports available till date 18/05/2020
Additional Information The valuation of the Property "Wuxi New Districts Phoenix Hospital" consists the aggregate value of (1) existing hospital building: RMB8,000,000; (2) Land allocated to lease prepayment: RMB136,000,000; and (3) Investment properties under development: RMB167,000,000.

Attachments

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