REG - Aseana Prop Ltd - RuMa Residences asset sale update

Aseana PropertiesAnnouncement

28/06/2024 17:15

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RNS Number : 4500U  Aseana Properties Limited  28 June 2024

28 June 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 sold a
further 10 units of the unsold RuMa Residences units (the "Units") for 17.9
million RM. Principal debt on these Units of 8.6 million RM will be paid off
when the proceeds are received which is expected to occur 90 days from the
date of the signing of the Sale and Purchase Agreements ("SPA"). A deposit of
approximately 1.8 million RM representing 10% of the purchase price has been
received.

The sale of a further 2 units are in progress with value of 4.3 million RM, as
we are awaiting to receive the signed SPA's from the buyers.

We continue to work to sell the remaining 35 RuMa Residential 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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