Aseana Properties Limited RuMa Residences asset sale update

RNS Number : 4245M

Aseana Properties Limited

29 April 2024

 

29 April 2024

Aseana Properties Limited

("ASEANA" or the "Company")

RuMa Residences asset sale update

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, announces that it has signed Sale and Purchase Agreement(s) on 29th April 2024 to sell 10 of the unsold RuMa Residences units (the "Units") for 15.4 million RM. Principal debt on these Units of 12.5 million RM will be paid off when the proceeds are received which is expected to occur 90 days from the signing of the Sale and Purchase Agreements. A deposit of approximately 1.5m RM representing 10% of the purchase price has been received.    

We continue to work to sell the remaining 47 RuMa Residences units.

 

For further information:

Aseana Properties Limited

Nick Paris, Non-Executive Chairman   [e-mail]

                                                                    [phone]

Grant Thornton UK LLP

Philip Secrett                                            [phone]

 

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 [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

DISPPUQPCUPCGUB