TIDMASPL

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: 020 3325 7050 
                                  nickparis@btinternet.com 
 Liberum Capital                  Tel: 020 3100 2000 
 Darren Vickers / Owen Matthews

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCLLMJTMTTMBLB

(END) Dow Jones Newswires

September 09, 2021 09:30 ET (13:30 GMT)

Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Aseana Properties Charts.
Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Aseana Properties Charts.