Aseana Properties Limited Quarterly Investor Update (5128B)
June 17 2016 - 1:00AM
UK Regulatory
TIDMASPL
RNS Number : 5128B
Aseana Properties Limited
17 June 2016
17 June 2016
Aseana Properties Limited
("Aseana")
Quarterly Investor Update
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 2016, a copy of which can be obtained from
Aseana's website at: http://www.aseanaproperties.com/quarterly.htm
.
Highlights:
-- Aseana disposed of the Aloft Kuala Lumpur Sentral Hotel to
Prosper Group Holdings for a gross transaction value of RM418.7
million (approx US$104.6 million), with completion expected by 30
June 2016. Aloft achieved an occupancy rate of 78.0% for the period
ended 31 March 2016.
-- The RuMa Hotel and Residences achieved approx 54.7% sales
based on sale and purchase agreements signed, compared to 51.3%
recorded in January 2016.
-- Tenancy Rate of Harbour Mall Sandakan improves to 62.5%,
recovering from a low of 40.9% in 2015 following the exit of the
anchor tenant.
-- City International Hospital under the leadership of new CEO,
Dr Le Quoc Su, has seen a steady improvement in performance over
the previous year.
-- Aseana disposed of a further 2.0 million Nam Long shares in
April 2016 at VND22,800 per share (generating gross proceeds of c.
US$2.0 million. Aseana's stake in Nam Long now stands at 5.5%.
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 / Liz Yong (Corporate
Finance)
Sam Greatrex (Sales)
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jcarey@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 48 years of experience in construction
and property development. IDM is responsible for the day-to-day
management of Aseana's property portfolio and the introduction and
facilitation of new investment opportunities.
This information is provided by RNS
The company news service from the London Stock Exchange
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June 17, 2016 02:00 ET (06:00 GMT)