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Aseana Properties Limited confirmed on 07 August 2025 the formal discharge of the Receivers & Managers (R&Ms) appointed to ICSD Ventures Sdn Bhd. This followed the full settlement of the defaulted Silver Sparrow Bhd Medium Term Notes and the R&Ms' filing of the notice of cessation of office. Aseana has now regained full control of ICSD's assets and operations, comprising the Sandakan Hotel asset and Sandakan Harbour Mall.
| Date | 7 Aug 2025 |
| Time | 10:47:29 |
| Category | Miscellaneous |
| ID | 4255U |
7 August 2025
ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")
Update on the discharge of the Receivers & Managers (the "R&Ms")
Further to the Company's announcement on 31 July 2025, Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, confirms that following the full settlement of the defaulted Silver Sparrow Bhd Medium Term Notes ("SSB MTNs") and the filing of the notice of cessation of office by the R&Ms with the relevant authority, the R&Ms appointed to ICSD Ventures Sdn Bhd ("ICSD") have been formally discharged.
The Company has now regained full control of the assets and operations of ICSD, being the Sandakan Hotel asset and Sandakan Harbour Mall.
Enquiries:
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Aseana Properties Limited |
LEI: 2138006H7PF4CNUEVT05 |
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Leong Kheng Cheong Lim Tian Huat Thong Kok Cheong |
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Allenby Capital Limited (Financial Adviser) |
+44 (0) 20 3328 5656 |
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Nick Naylor / Nick Athanas / Ashur Joseph |
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