REG - Aseana Prop Ltd - Sale of Vietnam Assets

Aseana PropertiesAnnouncement

01/03/2022 08:00

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RNS Number : 0722D  Aseana Properties Limited  01 March 2022

1 March 2022

Aseana Properties Limited

("Aseana" or the "Company")

 

Sale of Vietnam Assets

 

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and
Vietnam which is listed on the Main Market of the London Stock Exchange, is
pleased to announce that it has completed the sale of its interests in both
the City International Hospital and the adjacent International Healthcare Park
in Ho Chi Minh City, Vietnam to its joint venture partner, the Hoa Lam
Investment Development Corporation, as announced 25 August 2021.

 

Following these sales the Company has no assets in Vietnam and will
concentrate on divesting its remaining four assets in Malaysia.

 

The gross sales price of the transaction is USD $95 million and under the
terms of the agreement the buyer has assumed responsibility for the remaining
liabilities of these two assets. The Company has received net cash of
approximately USD $18.3 million.

 

 

For further information:

 

 Grant Thornton UK LLP
 Philip Secrett / George Grainger  +44(0)20 7383 5100

 

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