REG - Aseana Prop Ltd - Update on the RuMa Hotel & Residences

Aseana PropertiesAnnouncement

03/08/2022 16:00

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RNS Number : 8271U  Aseana Properties Limited  03 August 2022

Aseana Properties Limited

("Aseana" or the "Company")

 

Update on the RuMa Hotel & Residences

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia which
is listed on the Main Market of the London Stock Exchange, provides an update
on the sale of remaining residences at The RuMa Hotel & Residences
("RuMa").  On 9 September 2021, Aseana announced that it had entered into a
conditional agreement to sell the remaining 58 unsold residences at RuMa in
Kuala Lumpur.

 

The conditions of that agreement have not been met and consequently the
agreement has been terminated.  The Company is, therefore, restarting its
efforts to identify a potential buyer to realise the sale of those assets in a
controlled, orderly and timely manner.

 

For further information:

 

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

 

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