Director Declaration

RNS Number : 9920C

Aseana Properties Limited

09 May 2012

 



9 May 2012

Aseana Properties Limited

(the "Company")

Director Information

Aseana Properties Limited (LSE: ASPL) a property developer investing in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that Mohammed Azlan Hashim, the Non-Executive Chairman of the Company, was recently appointed a Non-Executive Chairman of Chaswood Resources Holdings Ltd, a company listed on the Singapore Stock Exchange.

Mohammed Azlan Hashim has also recently resigned as a Non-Executive Chairman of Asiasons WFG Financial Ltd, a company listed on the Singapore Stock Exchange.

For further information:

Aseana Properties Limited	Tel: [phone]
Chan Chee Kian	Email: [e-mail]
Murphy Richards Capital LLP	Tel: [phone]
Paul Richards / Rachel Rees	Email: [e-mail]
Panmure Gordon (UK) Limited	Tel: [phone]
Richard Gray / Andrew Potts / Brett Jacobs	Email: [e-mail]
Tavistock Communications	Tel: [phone]
Jeremy Carey / James Verstringhe	Email: [e-mail]

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana") is a property developer investing in Malaysia and Vietnam.

Aseana typically invests in development projects at pre-construction stage. Investment is made in projects where it is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.

Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 45 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.

 

END

 

 

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