REG - Aseana Prop Ltd - RuMa Residences sale update

Aseana PropertiesAnnouncement

29/08/2024 15:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240829:nRSc2014Ca&default-theme=true

RNS Number : 2014C  Aseana Properties Limited  29 August 2024

29 August 2024

 

 

Aseana Properties Limited

("ASEANA" or the "Company")

RuMa Residences sale update

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia,
listed on the Main Market of the London Stock Exchange, announces that is has
now received full payment for each of the 10 RuMa Residences (the "Units")
that it announced had been sold on 29 April 2024 as well as 2 of the 12 Units
that were included in the Company's announcement on 28 June 2024.  The total
proceeds of 19.8 million RM have been used to repay the principal debt of 15.4
million RM on those Units and to meet other debt obligations and costs
associated with the Units.  With respect to the other 10 RuMa Residences in
the Company's announcement on 28 June, the Company has now received 1.8
million RM in deposits and completion of these sales is expected on or before
31 October 2024.

The Company has also signed sale and purchase agreements for a further 10 RuMa
Residences bringing the total sold units to 32, with the latest agreements
expected to complete on or before 30 November 2024.

The remaining 25 RuMa Residences are still available for sale.

 

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, Elliot Peters
     +44 (0)207 383 5100

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 (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDQKCBQNBKDFFB