Quarterly Investor Update

RNS Number : 6149G

Aseana Properties Limited

05 March 2018

 

5 March 2018

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 2017, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm.

Highlights:

·      SENI Mont' Kiara ("SENI") achieved approximately 99% sales to date. 

·      The RuMa Hotel and Residences ("The RuMa") achieved approximately 57% sales based on sale and purchase agreements signed.

·      The Harbour Mall Sandakan ("HMS") is approximately 70% leased. 

·      Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an average occupancy rate of approximately 42% for the year to 31 December 2017 and 31% to date, due to quiet market leading up and during the Lunar New Year. 

·      Consultation meetings were held with key shareholders during 29-31 January 2018 to establish whether alternative proposals to the discontinuation resolution should also be put forward at the next AGM, in the interests of maximising value for Shareholders.

For further information:

Aseana Properties Limited		Tel: [phone]
Chan Chee Kian		Email: [e-mail]
N+1 Singer		Tel: [phone]
James Maxwell / Liz Yong (Corporate Finance) Sam Greatrex (Sales)
Tavistock Communications		Tel: [phone]
Jeremy Carey / Kirsty Allan		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 51 years' 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.

 

END

 

 

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