Aseana Properties Limited Quarterly Investor Update & Q1 2018 Presentation (4918T)
July 04 2018 - 2:00AM
UK Regulatory
TIDMASPL
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: 00 603 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 Tel: 020 7920 3150
Jeremy Carey / Kirsty Allan Email: jeremy.carey@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 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.
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.
END
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