Sale of The RuMa Hotel & Residences

RNS Number : 3144L

Aseana Properties Limited

09 September 2021

 

9 September 2021

Aseana Properties Limited

("Aseana")

Sale of remaining residences at The RuMa Hotel & Residences

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that it has entered into a conditional agreement to sell the remaining 58 unsold residences at The RuMa Hotel & Residences ("RuMa") in Kuala Lumpur. Ownership of RuMa is split with 70% owned by Aseana and 30% by Ireka Corporation Berhad. 

The gross sale price for the total transaction is MYR 85.3 million (approximately US$20.5 million) and is subject to, inter alia, final due diligence by the buyer and receipt of government approval for the sale to a foreign investor. It is expected that the transaction will complete within eight months whereupon Aseana will make a further announcement. 

 

For further information:

Aseana Properties Limited Nick Paris	Tel: [phone]
	[e-mail]
Liberum Capital	Tel: [phone]
Darren Vickers / Owen Matthews

 

END

 

 

MSCLLMJTMTTMBLB