TIDMASPL

RNS Number : 0722D

Aseana Properties Limited

01 March 2022

1 March 2022

Aseana Properties Limited

("Aseana" or the "Company")

Sale of Vietnam Assets

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam which is listed on the Main Market of the London Stock Exchange, is pleased to announce tha t it has completed the sale of its interests in both the City International Hospital and the adjacent International Healthcare Park in Ho Chi Minh City, Vietnam to its joint venture partner, the Hoa Lam Investment Development Corporation, as announced 25 August 2021.

Following these sales the Company has no assets in Vietnam and will concentrate on divesting its remaining four assets in Malaysia.

The gross sales price of the transaction is USD $95 million and under the terms of the agreement the buyer has assumed responsibility for the remaining liabilities of these two assets. The Company has received net cash of approximately USD $18.3 million.

For further information:

 
Grant Thornton UK LLP 
Philip Secrett / George Grainger   +44(0)20 7383 5100 
 
 

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

DISKZGZZDRNGZZM

(END) Dow Jones Newswires

March 01, 2022 03:00 ET (08:00 GMT)

Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Aug 2022 to Sep 2022 Click Here for more Aseana Properties Charts.
Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Sep 2021 to Sep 2022 Click Here for more Aseana Properties Charts.