REG - Aseana Prop Ltd - Sale of The RuMa Hotel & Residences

Aseana PropertiesAnnouncement

09/09/2021 14:35

RNS Number : 3144L
  
Aseana Properties Limited
  
09 September 2021
  
 

9 September 2021
Aseana Properties Limited
("Aseana")
 
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 entered into a conditional agreement to sell the remaining 58 unsold residences at The RuMa Hotel & Residences ("RuMa") in Kuala Lumpur. Ownership of RuMa is split with 70% owned by Aseana and 30% by Ireka Corporation Berhad.  
The gross sale price for the total transaction is MYR 85.3 million (approximately US$20.5 million) and is subject to, inter alia, final due diligence by the buyer and receipt of government approval for the sale to a foreign investor. It is expected that the transaction will complete within eight months whereupon Aseana will make a further announcement. 
 
 
For further information:
 



Aseana Properties Limited
Nick Paris                                                               


 
Tel: 020 3325 7050








nickparis@btinternet.com 
 




Liberum Capital


Tel: 020 3100 2000




Darren Vickers / Owen Matthews







 

 

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