Brief: Aseana Properties Withdraws Legal Action Against Ireka Corporation Berhad

Aseana Properties

29/01/2024 07:42

Jan 29 (Reuters) - Aseana Properties Ltd  ASPL.L :
    * ASEANA PROPERTIES LTD: WITHDRAWN A LEGAL ACTION THAT IT
WAS
TAKING IN MALAYSIAN COURTS AGAINST IREKA CORPORATION BERHAD
    * ASEANA PROPERTIES: ICB WILL TRANSFER 38.8 MILLION SHARES
IN CO
PLUS ITS 30% SHAREHOLDINGS IN TWO JVS THAT OWN RUMA HOTEL &
RESIDENCES IN KUALA LUMPUR TO CO
    * ASEANA PROPERTIES LTD - SETTLEMENT WILL CONSTITUTE FULL
AND
FINAL SETTLEMENT OF DEBTS DUE BY ICB TO COMPANY
    * ASEANA PROPERTIES LTD: COMPANY OWNS REMAINING 70% OF JOINT
VENTURE COMPANIES
    * ASEANA PROPERTIES LTD -  IMPACT OF SETTLEMENT WOULD
DECREASE
GROUP'S NAV TO A PRO FORMA UNAUDITED NAV OF US$63.4 MILLION AS
AT JUNE 2023
    * ASEANA PROPERTIES: WORK CONTINUES ON SALE OF SANDAKAN
HOTEL
ASSET, ADJACENT HARBOUR MALL SANDAKAN & TO REPAY GUARANTOR BANKS
WHO HOLD MEDIUM TERM NOTES
    * ASEANA PROPERTIES LTD: SEEKING TO RAISE SHORT TERM FINANCE
OF UP
TO US$2 MILLION TO PROVIDE WORKING CAPITAL UNTIL SALES ARE
COMPLETED

Source text for Eikon:  ID:nRSc1308Ba 
Further company coverage:  ASPL.L 

 ((Reuters.Briefs@thomsonreuters.com;))