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ASPL Aseana Properties Limited

0.0925
0.00 (0.00%)
Last Updated: 08:00:28
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aseana Properties Limited LSE:ASPL London Ordinary Share JE00B1RZDJ41 ORD USD0.05
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.0925 0.075 0.11 0.095 0.0825 0.095 0.00 08:00:28
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 15.75M -8.73M -0.0546 -1.65 14.79M

Aseana Properties Limited MTN update

22/10/2024 10:41am

RNS Regulatory News


RNS Number : 1433J
Aseana Properties Limited
22 October 2024
 

22 October 2024

 

Aseana Properties Limited

 

("ASEANA" or the "Company")

 

MTN update

 

The Board of Directors of Aseana Properties Limited received a demand letter dated 21 October 2024 from the Solicitors Lee Hishammuddin Allen & Gledhill on the payment of the medium term note ("MTN") amounting to RM 61 million plus accrued interest of RM 4.74 million.

 

In 2011, Silver Sparrow, a 100% subsidiary of Aseana Properties, established a RM 515 million guaranteed MTN programme, guaranteed by OCBC Bank (Malaysia), Malayan Bank Bhd and Bank Pembangunan Malaysia Bhd. Silver Sparrow defaulted on 19/12/2023, and the guaranteed banks passed the loan to the recovery team. The Board will appoint a legal and financial team to discuss the loan restructuring with the bank recovery team.  

 

For further information:

 

Aseana Properties Limited

Thong Kok Cheong                                     k_c_thong@hotmail.com

 

Grant Thornton UK LLP

Philip Secrett, Elliot Peters                          +44 (0)207 383 5100

 

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