Director Declaration

RNS Number : 8141U

Aseana Properties Limited

30 December 2011

 

This announcement replaces the "Director Declaration" announcement released yesterday at 09:26 with RNS number: 7226U.

30 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.

-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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