REG - Aseana Prop Ltd - Sale of remaining residences at The RuMa Hotel

Aseana PropertiesAnnouncement

12/05/2023 09:45

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RNS Number : 2513Z  Aseana Properties Limited  12 May 2023

12 May 2023

Aseana Properties Limited

("Aseana" or the "Company")

 

Sale of remaining residences at The RuMa Hotel & Residences

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and
Vietnam, listed on the Main Market of the London Stock Exchange, announces
that it has with the same party (i) entered into a conditional agreement to
sell 32 unsold residences and (ii) will shortly enter into conditional
agreements to sell the remaining 25 unsold residences at The RuMa Hotel &
Residences ("RuMa") in Kuala Lumpur.

The net proceeds for the total transaction is MYR 72 million (approximately
US$16 million) and is subject to, inter alia, final due diligence by the buyer
and receipt of government approval (land office) for the sale to a foreign
investor. It is expected that the transaction will complete within six months
whereupon Aseana will make a further announcement.

 

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 / George Grainger    +44(0)20 7383 5100

 

 

 

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