REG - Aseana Prop Ltd - RuMa Residences asset sale update

Aseana PropertiesAnnouncement

29/04/2024 11:30

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RNS Number : 4245M  Aseana Properties Limited  29 April 2024

29 April 2024

Aseana Properties Limited

("ASEANA" or the "Company")

RuMa Residences 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 it has signed
Sale and Purchase Agreement(s) on 29th April 2024 to sell 10 of the unsold
RuMa Residences units (the "Units") for 15.4 million RM. Principal debt on
these Units of 12.5 million RM will be paid off when the proceeds are received
which is expected to occur 90 days from the signing of the Sale and Purchase
Agreements. A deposit of approximately 1.5m RM representing 10% of the
purchase price has been received.

We continue to work to sell the remaining 47 RuMa Residences units.

 

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)207 383 5100

 

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