REG - Aseana Prop Ltd - Delay to the publication of accounts & Suspension

Aseana PropertiesAnnouncement

Yesterday 16:15

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RNS Number : 8919G  Aseana Properties Limited  30 April 2025

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30 April 2025

 

ASEANA PROPERTIES LIMITED

("Aseana" or the "Company")

 

Delay to the publication of accounts &

Temporary Suspension of listing of Ordinary Shares

 

Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market
of the London Stock Exchange, provides an update on the publication of its
annual report and accounts for the year ended 31 December 2024 ("FY24
Accounts").

 

The Company announces that it will be unable to publish its FY24 Accounts by
30 April 2025, being the latest date permitted for publication of the FY24
Results under DTR 4.1.3R.

 

This is principally due to the delay of the Company in providing all of the
required information to its auditors, due to the considerable time taken to
locate accounting records, work papers and business documents as a result of
no handover from the previous Board and management teams. This has resulted in
difficulty in finalising the FY24 Accounts and obtaining confirmation of cash
and loan balances, which has eventually led to there being insufficient time
for the audit of the FY24 Accounts to be signed off prior to 30 April 2025.

 

The Company has therefore applied for, and has been granted, a temporary
suspension on the Official List Equity Shares (transition) category of the
Financial Conduct Authority ("FCA") of its ordinary shares of US$0.05 each
("Ordinary Shares") from 7.30 a.m. on 1 May 2025.

 

The Company expects to publish its FY24 Accounts during May 2025 and, until
then, the listing on the Official List of the FCA of its Ordinary Shares will
continue to be suspended. The Company will request a restoration of the
listing of the Ordinary Shares following the publication of its FY24 Accounts.

 

The Company will provide further updates at the appropriate time.

 

Enquiries:

 

 Aseana Properties Limited
 Leong Kheng Cheong                            kc.leong@aseanapropertieslimited.com

 Lim Tian Huat                                 thlim@aseanaplc.com

 Thong Kok Cheong                              kcthong@aseanaplc.com

 Allenby Capital Limited (Financial Adviser)   +44 (0) 20 3328 5656
 Nick Naylor / Nick Athanas / Ashur Joseph

 

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