Aseana Properties Limited Directorate Change (8028A)
May 31 2019 - 9:27AM
UK Regulatory
TIDMASPL
RNS Number : 8028A
Aseana Properties Limited
31 May 2019
31 May 2019
Aseana Properties Limited
("Aseana" or "the Company")
Appointment of non-executive Director and CEO
Aseana Properties Limited (LSE: ASPL), a property developer in
Malaysia and Vietnam listed on the Main Market of the London Stock
Exchange, announces the appointment of Christopher Henry Lovell as
a non-executive Director, with effect from 1 June 2019.
Christopher was first appointed as an independent non-executive
director of Aseana in March 2007. He retired as a director at the
2018 Annual General meeting as part of the Company's strategy to
reduce its ongoing costs and bring the size of the Board in line
with the objectives of the realisation process.
Christopher practised as an English Solicitor in Jersey between
1979 and 2008: he was a partner in the law firm Theodore Goddard
from 1983 until 1993 when he set up his own practice. In 2000, he
was one of the founding partners of Channel House Trustees Limited,
a Jersey regulated trust company which was acquired by Capita Group
plc in 2005. He was subsequently appointed as a director of
Capita's regulated trust company.
Christopher has acted as an independent non-executive director
for over 20 years and specialises in property holding groups. He is
personally registered with the Jersey Financial Services Commission
to act as a non-executive director.
In accordance with obligations under Listing Rules 9.6.13R,
Christopher Lovell held the following directorship of a publicly
quoted company in the previous 5 years:
-- Christopher Henry Lovell was appointed to the board of Aseana
Properties Limited in April 2008 to June 2018.
The Company confirms there are no other disclosures which
require to be made in accordance with LR 9.6.13R.
The Company also announces the appointment of Mr. Chan Say Yeong
as the Chief Executive Officer of the Company, with effect from 3
June 2019. Say Yeong will not be appointed to the Board of
Directors of Aseana at this time.
Say Yeong brings a wealth of experience from across the fields
of banking, property development and investment, as well as real
estate finance. After obtaining a Bachelor of Accountancy degree
from the National University of Singapore in 1987, Say Yeong served
in various banking roles in Singapore, Taiwan and Malaysia. In
2002, he joined Singapore's CapitaLand group, one of Asia's largest
real estate companies.
As Managing Director of CapitaLand Malaysia, he was involved in
establishing a real estate investment trust (REIT) and private
equity property funds for the group. From 2012, he was involved in
senior positions in other Malaysian listed entities in both
property and banking.
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Chan Chee Kian
N+1 Singer Tel: 020 7496 3000
James Maxwell / James Moat (Corporate
Finance) Sam Greatrex (Sales)
Tavistock Tel: 020 7920 3150
Jeremy Carey / James Verstringhe
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
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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