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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