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| 1. |
Information Request
Please contact Asset Sales Management Division, United
Overseas Bank (Thai) Pcl.
Address: 8th Floor, 191 South Sathon Road, Bangkok 10120,
Thailand
Tel: 0-2343-3300
Fax: 0-2213-2635
E-mail: assetsales@uob.co.th
Website: http://www.uob.co.th/uobproperties
Or all branches of United Overseas Bank (Thai) Pcl.
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| 2. |
Purchasing Notice:
The Buyer shall submit a written notice of purchasing
form, as per prescribed by the Bank, to the United Overseas
Bank by sending complete form to Fax No. 0-2213-2635,
or by sending a registered mail to the Head of Asset Sales
Management Division, United Overseas Bank (Thai) Pcl.
whose address is at 8th Floor, 191 South Sathon Road,
Bangkok 10120, Thailand
The Purchasing Forms herein consist of;
1. In case of Natural Person:
- The Purchasing Notice, as per the standard form of United
Overseas Bank (Thai) Pcl.
- Certified copy of ID Card
- Certified copy of household registration
2. In case of Juristic Person:
- The Purchasing Notice, as per the standard form of United
Overseas Bank (Thai) Pcl.
- Incorporation Certificate
- Certified copies of ID cards and household registration
of the authorized directors
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| 3. |
Offer to Purchase:
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| 3.1 |
The Buyer shall make the deposit payment to the bank as a
guarantee
offer at the rate of 5% of the offering price, which,
however, shall not be less than THB 10,000.
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| 3.1.1 |
In the event that the Bank does not approve the
sale of property at the offering price, the
Bank will refund the guarantee offer to the
Buyer within 14 working days.
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| 3.1.2 |
In the event that the Bank approves the sale
of property at the offering price, the buyer
shall execute the “Agreement To Sell and To
Purchase” and simultaneously make the deposit
payment as set forth in Step 3.2, within 5
working days from the date the approval to
sell is granted by the Bank.
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Note: The 2 % guarantee offer is considered as part of regular 5 % deposit.
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| 3.2 |
Deposit and Execution of the “Agreement to Sell and To Purchase”
The Buyer shall execute the “Agreement to Sell and
To Purchase” and give a cashier’s check only as
a deposit payment to the Bank within 5 working days
from the date the Bank has approved the sale of
assets, this must be done in accordance with the
following terms and conditions:
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In the case where the value of property is lower than THB 1,000,000:
The Buyer shall pay the minimum deposit of THB 30,000 or 5 % of the agreed price, whichever is higher.
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| - |
In the case where the value of property equivalent to or higher than THB 1,000,000:
The Buyer shall pay the minimum deposit of THB 100,000 or 5 % of the agreed price, whichever is higher.
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The above deposit includes the 2 % guarantee offer stipulated earlier in Step 3.1
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| 3.3 |
In case that the Buyer
fails to give a deposit payable to the Bank within
the aforesaid time, the Bank shall consider that
the Buyer does not intend to buy and waive the right
of reservation for the said items (assets). Therefore,
the Bank shall give the right to purchase to other
prospective buyers (if any). And the Bank reserves
the right to forfeit the guarantee offer in the
case where the customer fails to make the deposit
payment as stipulated in Step 3.2 within the period
of time specified by the Bank.
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| 3.4 |
The Buyer has examined
the property condition to his/her satisfaction before
placing the guarantee offer with the Bank, and agreed
to buy the property on an “as is –where is” basis.
The Buyer also undertakes to perform any necessary
act to dislodge the denizen (if any) out of the
property, which the Buyer intends to purchase from
the Bank, without alleging any derogation of right.
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| 3.5 |
Change the
name of “The One To Buy”
In case that the name of “The One To Buy” has been
changed from those specified in “The Agreement To
Buy and To Sell”, the Bank shall charge THB 5,000
per each name change and “The One to Buy” shall
ask for approval from the Bank by giving a prior
written notice to Asset Sales Management Division,
as per the form prescribed by the Bank, for at least
10 working days prior to the date of right transfer
in the purchasing assets. The certificate of name
change of ownership assignee submitted by the original
“The One To Buy”, signed by both parties and approved
by Head of Asset Sales Management Division is required.
The approval thereof shall be at the sole discretion
of the bank.
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Documents for execution of “The Agreement to Buy
and To Sell” below shall be photocopied and certified.
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| In Case of Natural Person |
In Case of Juristic Person |
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- ID card / Passport
- Household registration
- Certificate of name change (if any)
- ID card and Household registration of the spouse (if any)
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- The Company’s certificate (certified by
the Registrar for not exceeding 3 months)
- Power of attorney (if any)
- ID cards and Household registrations of
the authorized director and the authorized person
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| 4. |
The Transfer of Ownership
The Buyer shall conduct the ownership transfer within
30 days from the execution date of the Agreement or
as per prescribed by the Bank. In case of the Buyer
failure, the Bank reserves the right to forfeit all
amount as already paid to the Bank.
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| 4.1 |
In case of not asking for a loan:
The Asset Sales Management Division shall schedule
the date of transfer of ownership and the Buyer
shall prepare a cahier’s check payable to United
Overseas Bank (Thai) Pcl., and shall specify the
amount of outstanding payment under “The Agreement
To Buy and To Sell”.
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| 4.2 |
In case of asking for a loan:
When the Buyer has been approved the amount of loan,
Asset Sales Management Division shall prescribe
the date of ownership transfer. The Bank shall draw
a cashier’s check according to the approved amount
of loan. On the date of ownership transfer, the
Buyer shall completely prepare the cashier’s check
for the remaining payment (if any) according to
the amount specified in “The Agreement To Buy and
To Sell”.
| Notes: |
| * |
In case the Buyer is unable to transfer the ownership
within 30 days with any reasonable reason
noticed to the Bank, the Bank may
consider extending the period of transfer
of ownership for not exceeding 30 days provided
that the Buyer shall give an extra deposit
of 10% of the asset value approved by the
Bank.
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| ** |
In case the Buyer is unable to transfer the ownership
within the said period, the Bank reserves
its right to forfeit the total amount of deposit.
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| 5. |
Loans for purchasing bank assets:
The Buyer may obtain further details of loans from the
Loans Division of all branches of United Overseas Bank
(Thai) company Limited and may select the extra interest
rates for housing loan; provided that the asset buying
shall not be binding the Bank to approve the loans. The
approval of loan shall be at the sole discretion of the
Bank.
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Notes: |
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| 1. |
On the date of transfer of ownership, “The One To Buy” shall pay, in cash, all taxes and fees imposed for the transfer of ownership. |
| 2. |
The Bank shall sell the assets according to its “As is” conditions
thereof and “The One To Buy” shall examine the conditions
of such asset prior to receiving the transfer of ownership.
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| 3. |
The Bank reserves its right to change the sale prices without
giving prior notice to buyers.
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