Quarterly Investor Update

RNS Number : 2003A

Aseana Properties Limited

17 February 2014

 



17 February 2014

Aseana Properties Limited

("Aseana")

Quarterly Investor Update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, has issued its Quarterly Investor Update for the three month period to 31 December 2013, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm .

Highlights:

·     City International Hospital officially opened on 5^th January 2014.

·     SENI Mont' Kiara achieved 85% sales to date representing an increase of 13 units since November 2013 and a further 3% booked with deposit paid.

·     Sales at The RuMa Hotel and Residences progressing well with 39% signed sales and purchase agreements and a further 4% booked with deposit paid.

·     The Aloft Kuala Lumpur Sentral Hotel recorded a lower occupancy rate of 53% in January 2014, being the month of Lunar New Year.

·     The Four Points by Sheraton Sandakan Hotel ("FPSS") recorded a high occupancy rate of 52% in December 2013 but occupancy rate fell to 38% in January 2014.

·     Aseana announced the cancellation of its 500,000 shares held in treasury on 30 December 2013.

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]

N+1 Singer	Tel: [phone]
James Maxwell (Corporate Finance) /Sam Greatrex (Sales)

Tavistock Communications	Tel: [phone]
Jeremy Carey / James Verstringhe	Email: [e-mail]

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 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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