Director Declaration

RNS Number : 7226U

Aseana Properties Limited

29 December 2011

 

29 December 2011

Aseana Properties Limited

("Aseana" or "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 Ismail Shahudin, a Non-Executive Director of the Company, has recently resigned as a director of PLUS Expressways Berhad ("PLUS") following its privatisation. PLUS was previously listed on the Main Market of Bursa Malaysia Securities Berhad.

The above notification was made in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

-Ends-

For further information:

Aseana Properties Limited                   Tel: [phone]

Tan May Lee                                          Email: [e-mail]

Panmure Gordon (UK) Limited             Tel: [phone]

Richard Gray / Andrew Potts /                  Email: [e-mail]

Brett Jacobs

Tavistock Communications                   Tel: [phone]

Jeremy Carey / James Verstringhe           Email: [e-mail]

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana" or "the Company") 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 40 years 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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