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Aseana Properties Limited Waiver in respect of a Covenant to a Bank Loan

17/05/2019 4:10pm

UK Regulatory (RNS & others)


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RNS Number : 4626Z

Aseana Properties Limited

17 May 2019

Aseana Properties Limited

("Aseana" or the "Company")

Waiver in respect of Non-compliance of a Financial Covenant to a Bank Loan

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, announces that one of its subsidiary undertakings has on 6 May 2019 received a waiver from the lenders in respect of the non-compliance of a financial covenant to a bank loan, as disclosed in the Auditor's Report and Note 2.1 to the Company's Financial Statements for the year ended 31 December 2018.

For further information:

 
 Aseana Properties Limited                 Tel: +603 6411 6388 
 Chan Chee Kian                            Email: cheekian.chan@ireka.com.my 
 
 N+1 Singer                                Tel: 020 7496 3000 
 James Maxwell / James Moat (Corporate 
  Finance) 
  Sam Greatrex (Sales) 
 
 Tavistock Communications                  Tel: 020 7920 3150 
 Jeremy Carey / James Verstringhe          Email: jeremy.carey@tavistock.co.uk 
 
 
 

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.

Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 52 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the divestment of existing properties.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

MSCUBRVRKNAVAAR

(END) Dow Jones Newswires

May 17, 2019 11:10 ET (15:10 GMT)

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