Quarterly Investor Update & Q1 2018 Presentation

RNS Number : 4918T

Aseana Properties Limited

04 July 2018

 

4 July 2018

Aseana Properties Limited

("Aseana")

Quarterly Investor Update and publication of Q1 2018 Corporate Presentation

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 March 2018 and its Q1 2018 Corporate Presentation, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm and http://www.aseanaproperties.com/corporatepresentation.htm.

Highlights:

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

·      The RuMa Hotel and Residences ("The RuMa") achieved approximately 56% sales based on sale and purchase agreements signed.

·      The Harbour Mall Sandakan ("HMS") is approximately 71% leased. 

·      Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an average occupancy rate of approximately 39% for the period to 31 March 2018 and 37% to date.

·      On 2 July 2018, the Directors announced a revised disposal schedule for the City International Hospital and the Seafront Resort and Residential Development, Kota Kinabalu from the original target of selling by Q2 2018 to Q3 2018

·      Malaysia's 14^th General Election resulted in a milestone change of the Malaysian Federal Government, unseated the Barisan Nasional political coalition that had been in power since 1957. The surprise victory by the opposition Pakatan Harapan coalition will result in a much higher likelihood of fiscal and economic policy change, which creates some uncertainty in the immediate term.

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		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.

 

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