REG - Aseana Prop Ltd - Quarterly Investor Update & Q1 2018 Presentation

Aseana PropertiesAnnouncement

04/07/2018 07:05

RNS Number : 4918T
Aseana Properties Limited
04 July 2018
 


4 July 2018
 
Aseana Properties Limited
("Aseana")
 
Quarterly Investor Update and publication of Q1 2018 Corporate Presentation
 
 
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 2018 and its Q1 2018 Corporate Presentation, a copy of which can be obtained from Aseana's website at: http://www.aseanaproperties.com/quarterly.htm and http://www.aseanaproperties.com/corporatepresentation.htm.
 
Highlights:
·      SENI Mont' Kiara ("SENI") achieved approximately 99% sales to date. 
·      The RuMa Hotel and Residences ("The RuMa") achieved approximately 56% sales based on sale and purchase agreements signed.
·      The Harbour Mall Sandakan ("HMS") is approximately 71% leased. 
·      Four Points by Sheraton Sandakan Hotel ("FPSS") recorded an average occupancy rate of approximately 39% for the period to 31 March 2018 and 37% to date.
·      On 2 July 2018, the Directors announced a revised disposal schedule for the City International Hospital and the Seafront Resort and Residential Development, Kota Kinabalu from the original target of selling by Q2 2018 to Q3 2018
·      Malaysia's 14th General Election resulted in a milestone change of the Malaysian Federal Government, unseated the Barisan Nasional political coalition that had been in power since 1957. The surprise victory by the opposition Pakatan Harapan coalition will result in a much higher likelihood of fiscal and economic policy change, which creates some uncertainty in the immediate term.
 
 
For further information:
 




Aseana Properties Limited


Tel: 00 603 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


Tel: 020 7920 3150




Jeremy Carey / Kirsty Allan


Email: jeremy.carey@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 51 years' experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the divestment of existing properties.
 




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.
 
END
 
 
UPDLLFEEDFIVIIT