REG - Aseana Prop Ltd - Asset sale update

Aseana PropertiesAnnouncement

01/11/2023 08:15

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RNS Number : 0258S  Aseana Properties Limited  01 November 2023

1 November 2023

Aseana Properties Limited

("Aseana" or the "Company")

Asset sale update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia,
listed on the Main Market of the London Stock Exchange, announces that further
to the announcement of 12 May 2023 (i) in respect of the conditional agreement
to sell the 32 unsold residences at The RuMa Hotel & Residences in Kuala
Lumpur, a MYR 3.6 million deposit was received and completion is required to
take place by no later than 22 November 2023, and (ii) in respect of the
remaining 25 unsold residences the relevant sale and purchase agreement has
been terminated because the deposit was not received by the deadline of 31
October 2023.

Further to the announcement of 30 June 2023, progress continues to be made on
the sale of the Sandakan hotel asset and the Harbour Mall Sandakan and
completion is subject to receipt of the outstanding first and second tranche
payments and regulatory approval as required.

For further information:

 Aseana Properties Limited
 Nick Paris, Non-Executive Chairman  nickparis@btinternet.com (mailto:nickparis@btinternet.com)

                                     +44(0)7738 470550
 Grant Thornton UK LLP
 Philip Secrett                      +44(0)20 7383 5100

 

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is now considered to be in the public domain.

 

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