Aseana Properties Limited Quarterly Investor Update (4501R)
December 09 2016 - 4:47AM
UK Regulatory
TIDMASPL
RNS Number : 4501R
Aseana Properties Limited
09 December 2016
9 December 2016
Aseana Properties Limited
("Aseana")
Quarterly Investor Update
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 nine
month period to 30 September 2016, a copy of which can be obtained
from Aseana's website at:
http://www.aseanaproperties.com/quarterly.htm .
Highlights:
-- The Company is proposing to return capital of approximately
US$10.0 million to Shareholders by way of Tender Offer for up to
13,334,000 shares, subject to Shareholder approval at an
Extraordinary General Meeting. The repurchased shares will be held
in treasury by the Company.
-- SENI Mont' Kiara ("SENI") achieved approximately 98% sales to date.
-- The RuMa Hotel and Residences ("The RuMa") achieved
approximately 55% sales based on sale and purchase agreements
signed.
-- The cinema located at the Harbour Mall Sandakan ("HMS") was
opened for business on 30 July 2016 and the mall is approximately
65% occupied.
-- Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an
average occupancy rate of approximately 38% for the nine-month
period ended 30 September 2016.
-- Aseana Properties disposed of its remaining shares in Nam
Long Investment Corporation ("Nam Long") in two separate tranches
at VND 21,500 per share in September 2016 and at VND 22,000 per
share in November 2016, generating total gross proceeds of
approximately US$5.5million.
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Chan Chee Kian Email: cheekian.chan@ireka.com.my
N+1 Singer Tel: 020 7496 3000
James Maxwell / Liz Yong (Corporate Finance)
Sam Greatrex (Sales)
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jcarey@tavistock.co.uk
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 49 years of 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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