Aseana Properties Limited Sale of The RuMa Hotel & Residences (3144L)

TIDMASPL

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: [phone] 
                                  [e-mail] 
 Liberum Capital                  Tel: [phone] 
 Darren Vickers / Owen Matthews 
 
 
 
 

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September 09, 2021 09:30 ET (13:30 GMT)