Directorate Change

RNS Number : 9111X

Aseana Properties Limited

02 May 2019

 

2 May 2019

Aseana Properties Limited

("Aseana" or "the Company")

Directorate Change

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, announces that Mohammed Azlan Hashim has served a notice of resignation as independent non-executive director and chairman of Aseana. In order to enable and facilitate an orderly transition and restructuring of the Board, his resignation will take effect from 31 May 2019. Mohammed Azlan Hashim has been a director and chairman of the Company for the past 12 years.

The Board would like to take this opportunity to express its gratitude to Mohammed Azlan Hashim for his contribution to the Company during his tenure as director and chairman. Following the resignation of Mohammed Azlan Hashim, Gerald Ong will assume the role of the chairman of Aseana with effect from 1 June 2019.

As announced on 30 April 2019, Aseana will be looking to add two independent directors to strengthen the capability and capacity of the Board to lead the divestment activities of Aseana and to enhance governance oversight.  

For further information:

Aseana Properties Limited	Tel: [phone]
Chan Chee Kian
N+1 Singer	Tel: [phone]
James Maxwell / James Moat (Corporate Finance) Sam Greatrex (Sales)
Tavistock Communications	Tel: [phone]
Jeremy Carey / James Verstringhe

Notes to Editors:

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

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 52 years of experience in construction and property development. IDM is responsible for the day‐to‐day management of Aseana's property portfolio and the divestment of existing properties.

 

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