Aseana Properties Limited Waiver in respect of a Covenant to a Bank Loan (4626Z)
May 17 2019 - 11:10AM
UK Regulatory
TIDMASPL
RNS Number : 4626Z
Aseana Properties Limited
17 May 2019
Aseana Properties Limited
("Aseana" or the "Company")
Waiver in respect of Non-compliance of a Financial Covenant to a
Bank Loan
Aseana Properties Limited (LSE: ASPL), a property developer in
Malaysia and Vietnam listed on the Main Market of the London Stock
Exchange, announces that one of its subsidiary undertakings has on
6 May 2019 received a waiver from the lenders in respect of the
non-compliance of a financial covenant to a bank loan, as disclosed
in the Auditor's Report and Note 2.1 to the Company's Financial
Statements for the year ended 31 December 2018.
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 / James Moat (Corporate
Finance)
Sam Greatrex (Sales)
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe 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 52 years of 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
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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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