Aseana Properties Limited MTN update
October 22 2024 - 4:41AM
RNS Regulatory News
RNS Number : 1433J
Aseana Properties Limited
22 October 2024
22 October 2024
Aseana Properties
Limited
("ASEANA" or the
"Company")
MTN update
The Board of Directors of Aseana
Properties Limited received a demand letter dated 21 October 2024
from the Solicitors Lee Hishammuddin Allen & Gledhill on the
payment of the medium term note ("MTN") amounting to RM 61 million
plus accrued interest of RM 4.74 million.
In 2011, Silver Sparrow, a 100%
subsidiary of Aseana Properties, established a RM 515 million
guaranteed MTN programme, guaranteed by OCBC Bank (Malaysia),
Malayan Bank Bhd and Bank Pembangunan Malaysia Bhd. Silver Sparrow
defaulted on 19/12/2023, and the guaranteed banks passed the loan
to the recovery team. The Board will appoint a legal and financial
team to discuss the loan restructuring with the bank recovery
team.
For
further information:
Aseana Properties Limited
Thong Kok
Cheong
k_c_thong@hotmail.com
Grant Thornton UK LLP
Philip Secrett, Elliot
Peters
+44 (0)207 383 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
UPDKLLBLZBLXFBV
Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Oct 2024 to Nov 2024
Aseana Properties (LSE:ASPL)
Historical Stock Chart
From Nov 2023 to Nov 2024
