Notice of Valuation of Real Assets::Notice of Recent Valuation of Properties
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Issuer/ Manager | METRO HOLDINGS LTD |
Securities | METRO HOLDINGS LIMITED - SG1I11878499 - M01 |
Stapled Security | No |
Notice of Valuation of Real Assets::Notice of Recent Valuation of Properties Issuer & Securities
Announcement Details
Announcement Title | Notice of Valuation of Real Assets |
Date & Time of Broadcast | 30-May-2017 06:59:17 |
Status | New |
Announcement Sub Title | Notice of Recent Valuation of Properties |
Announcement Reference | SG170530OTHRGJN7 |
Submitted By (Co./ Ind. Name) | Tan Ching Chek |
Designation | Company Secretary |
Description (Please provide a detailed description of the event in the box below) | Please refer to the attached file. |
Additional Details
Valuation Details Date of Valuation Name of theValuer Description of Property
Valuation Currency Valuation Amount31/03/2017
DTZ Debenham Tie Leung Limited
DTZ Debenham
Part of Guangzhou International Electronics Tower, Guangzhou, comprising approximately 62.5% of a 7- storey shopping podium and 35-storey office tower.
Yuan
Renminbi479,800,000
31/03/2017
31/03/2017
Tie Leung Limited
DTZ Debenham Tie Leung Limited
Part of Metro City, Shanghai, comprising 60% of a 9-
storey entertainment centre.
Part of Metro Tower, Shanghai, comprising 60% of a 26-storey office tower.
Yuan
Renminbi
Yuan Renminbi
614,400,000
575,100,000
Valuation of Reports available for inspectionat address during office hours 391A Orchard Road #19-00 Tower A Ngee Ann City Singapore 238873
Reports available till date 30/08/2017 AttachmentsMHLAnnValueProperty2017.pdf Total size =8K
http://infopub.sgx.com/Apps?A=COW_CorpAnnouncement_Content&B=Announce...
30-May-17
METRO HOLDINGS LIMITED (Company Registration No :197301792W) NOTICE OF RECENT VALUATION OF PROPERTIESThe Directors of Metro Holdings Limited ("Metro" or the "Company") wish to inform that in accordance with the Metro Group's accounting policies, a valuation exercise has been conducted on the following properties of the Metro Group on an open market value for existing use basis. The valuation reports are available for inspection at 391A Orchard Road #19-00 Tower A Ngee Ann City Singapore 238873 during normal business hours up to 30 August 2017.
Investment Properties Owned By Subsidiaries
Date of Valuation
: 31 March 2017
Name of Valuer
: DTZ Debenham Tie Leung Limited
Description of
Property
: Part of Guangzhou International Electronics Tower, Guangzhou,
comprising approximately 62.5% of a 7-storey shopping podium and 35-storey office tower.
Valuation
: RMB479,800,000 (equivalent to approximately S$97,399,400)
Investment Properties Owned By Joint Ventures
Date of Valuation
: 31 March 2017
Name of Valuer
: DTZ Debenham Tie Leung Limited
Description of
Property
: Part of Metro City, Shanghai, comprising 60% of a 9-storey entertainment
centre.
Valuation
: RMB614,400,000 (equivalent to approximately S$124,723,200)
Date of Valuation
: 31 March 2017
Name of Valuer
: DTZ Debenham Tie Leung Limited
Description of
Property
: Part of Metro Tower, Shanghai, comprising 60% of a 26-storey office tower.
Valuation
: RMB575,100,000(equivalent to approximately S$116,745,300)
By Order of the Board
Tan Ching Chek and Lee Chin Yin Joint Company Secretaries
Dated : 30 May 2017
Metro Holdings Limited published this content on 30 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 30 May 2017 13:19:26 UTC.
Original documenthttp://www.metroholdings.com.sg/update2017/2017-05-30 Notice of Valuation of Real Assets.pdf
Public permalinkhttp://www.publicnow.com/view/A653DC0CF2A5E10B321EA0D5FA9A16755012F03A