Notice of Valuation of Real Assets::Notice of Valuation of Real Assets

 

Issuer & Securities

 

Issuer/ Manager

PAN HONG HOLDINGS GROUP LIMITED

Securities

PAN HONG HOLDINGS GROUP LTD - BMG6900A1163 - P36

Stapled Security

No

 

Announcement Details

 

Announcement Title

Notice of Valuation of Real Assets

Date & Time of Broadcast

02-Jun-2016 18:37:08

Status

New

Announcement Sub Title

Notice of Valuation of Real Assets

Announcement Reference

SG160602OTHRZLWB

Submitted By (Co./ Ind. Name)

Wong Lam Ping

Designation

Executive Chairman

Description (Please provide a detailed description of the event in the box below)

Please refer to the valuation details below for the values of investment properties as at 31 March 2016. The valuation amounts correspond with the carrying value of the investment properties in the financial statements of the group on the year end date.

 

Additional Details

 

Valuation Details

Date of Valuation

Name of the Valuer

Description of Property

Valuation Currency

Valuation Amount

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

42 car parking spaces and 32 bicycle spaces of Xinya Jiayuan

Yuan Renminbi

1,647,000

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

Various retail units on Level 2 of Nanxun Commercial Complex

Yuan Renminbi

5,585,000

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

Various retail units on Levels 1 and 3 of Hongjin Commercial Plaza

Yuan Renminbi

14,088,000

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

Levels 1 and 2 of Block 2, Units 02 to 06 on Level 1 of Block 6 of Sino Harbour Kaixuan Center and a 3-storey kindergarten of Honggu Kaixuan

Yuan Renminbi

77,563,000

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

Various retail units on Levels 1 to 4 and various office units on Levels 6 to 24 of Sino Harbour Kaixuan Center

Yuan Renminbi

378,735,000

31/03/2016

Jones Lang LaSalle Corporate Appraisal and Advisory Limited

Various retail units on Levels 1 and 2 of Blocks 1 to 3, 6, 7, 11, 35 to 37 of Royal Lake City

Yuan Renminbi

35,636,000

Valuation of Reports available for inspection at address during office hours

Share Transfer Agent"s office at B.A.C.S. Private Limited, 8 Robinson Road #03-00 ASO Building, Singapore 048544

Reports available till date

01/09/2016