Notification: “Fund” means any mutual fund or private fund; “Specified property fund” means any mutual fund which has specified in its scheme the actual real estate to be acquired pursuant to the Notification of
has specified in its scheme the real estate to be acquired pursuant to the Notification of the Office governing rules, conditions and procedures for establishment and management of property funds; (8
securities business in the category of private fund management; (7) “Specified property fund” means any mutual fund which has specified in its scheme the real estate to be acquired pursuant to the Notification
” means any mutual fund which has specified in its scheme the actual real estate to be acquired pursuant to the Notification of the Office governing rules, conditions and procedures for establishment and
infrastructures or real estates or real estate development businesses. However, such scheme shall be established upon aproval, registration or any other similar action from the the home regulator of any ASEAN
appropriate to determine the fair price for disposal of such assets (the “Fair Price”) on a lump sum basis equal to the value appraised by the valuers, namely Global Asset Valuer Co., Ltd. and Agency for Real
Price”) on a lump sum basis equal to the value appraised by the valuers, namely Global Asset Valuer Co., Ltd. and Agency for Real Estate Affairs Co., Ltd., as the valuers approved by the SEC Office. The
Project One Co., Ltd. ("PP1") and Pace Project Three Co., Ltd. ("PP3") which are the Company's subsidiaries and the shares of which are held by the Company, directly and indirectly through Pace Real Estate