Director/PDMR Shareholding

RNS Number : 8241E

Aseana Properties Limited

30 December 2009

 



Date:                                        30 December 2009

On behalf of:                            Aseana Properties Limited ("Aseana" or "the Company")

Immediate Release

Aseana Properties Limited

Director Shareholding 

The Company has received notification that David Harris, Non-Executive Director of Aseana Properties Limited,  acquired 79,000 ordinary shares in the Company ("Ordinary Shares") on 23 December 2009, of which 50,000 Ordinary Shares were purchased at a price of 0.29 pence per share and 29,000 Ordinary Shares were purchased at a price of 0.2575 pence per share.

Following this acquisition, David Harris holds a beneficial interest in 79,000 Ordinary Shares, representing approximately 0.033% of the issued share capital of the Company (being 236,125,000 Ordinary Shares).

Aseana is listed on the Main List of the London Stock Exchange.

-Ends-

Further information, please contact:

Enquiries:

Aseana Properties Ltd	Tel: [phone]
Tan May Lee	Email: [e-mail]
Redleaf Communications	Tel: [phone]
Adam Leviton / Kathryn Hurford	Email: [e-mail]
Fairfax I.S. PLC	Tel: [phone]
Rachel Rees

Notes to Editors

• Aseana Properties Limited typically invests in development projects at pre-construction stage, with a primary focus on locations within the major cities of Malaysia and Vietnam.  
  

• 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.
  

• No one underlying single asset will account for more than 30% of the gross assets of the Company at the time of investment.
  
  
• The Directors believe the following factors should provide sustainable growth in the real estate sectors of both Malaysia and Vietnam:
  
  

• • An increasing standard of living and urbanisation driven by a burgeoning young and middle class population

  • Clear Government role in encouraging participation of private sectors in real estate development, as well as encouraging and promoting land and property ownership

  • Improving availability of mortgages to encourage property ownership

  • Favoured Foreign Direct Investment (FDI) destinations driving demand for commercial and industrial properties

• Ireka Development Management, the Development Manager for Aseana Properties Limited, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 40 years of experience in construction and property development.

 

END

 

 

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