REG - Aseana Prop Ltd - Update on the discharge of Receivers & Managers

Aseana PropertiesAnnouncement

07/08/2025 11:00

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RNS Number : 4255U  Aseana Properties Limited  07 August 2025

7 August 2025

 

ASEANA PROPERTIES LIMITED

("Aseana" or the "Company")

 

Update on the discharge of the Receivers & Managers (the "R&Ms")

 

Further to the Company's announcement on 31 July 2025, Aseana (LSE: ASPL), a
property developer in Malaysia listed on the main market of the London Stock
Exchange, confirms that following the full settlement of the defaulted Silver
Sparrow Bhd Medium Term Notes ("SSB MTNs") and the filing of the notice of
cessation of office by the R&Ms with the relevant authority, the R&Ms
appointed to ICSD Ventures Sdn Bhd ("ICSD") have been formally discharged.

 

The Company has now regained full control of the assets and operations of
ICSD, being the Sandakan Hotel asset and Sandakan Harbour Mall.

 

Enquiries:

 

 Aseana Properties Limited                     LEI: 2138006H7PF4CNUEVT05
 Leong Kheng Cheong                            kc.leong@aseanapropertieslimited.com

                                             (mailto:kc.leong@aseanapropertieslimited.com)
 Lim Tian Huat

                                             thlim@aseanaplc.com (mailto:thlim@aseanaplc.com)
 Thong Kok Cheong

                                               kcthong@aseanaplc.com (mailto:kcthong@aseanaplc.com)

 Allenby Capital Limited (Financial Adviser)   +44 (0) 20 3328 5656
 Nick Naylor / Nick Athanas / Ashur Joseph

 

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