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Aseana Properties Limited issued a clarification on 28 November 2025 regarding the Lim Concert Party. This party comprises Neuchatel Investment Holdings Limited (68,190,000 shares, 28.25%) and Garynma MY Capital Limited (473,541 shares, 0.20%), both ultimately owned or settled by Lim Kian Onn, holding a combined 68,663,541 shares representing a 28.45% interest. Aseana confirmed the Lim Concert Party and Mr. Lim Kian Onn's interests are separate and have no connection to LIM Advisors Limited or the LIM Asia Multi-Strategy Fund/LIM Asia Special Situations Master Fund.
| Date | 28 Nov 2025 |
| Time | 14:27:14 |
| Category | Miscellaneous |
| ID | 4999J |
28 November 2025
ASEANA PROPERTIES LIMITED
("Aseana" or the "Company")
Clarification regarding concert party
Further to the Company's announcement on 26 November 2025, Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, confirms that the Lim Concert Party referred to in the announcement and Circular comprise solely the following entities which Lim Kian Onn is the ultimate beneficiary owner and/or settlor of:
|
Name |
Number of Shares currently held |
% Interest in current issued share capital |
|
Neuchatel Investment Holdings Limited |
68,190,000 |
28.25% |
|
Garynma MY Capital Limited |
473,541 |
0.20% |
|
|
68,663,541 |
28.45% |
Please note that the Lim Concert Party, or Mr. Lim Kian Onn and his interests stated above, is entirely separate and has no connection to LIM Advisors Limited, the LIM Asia Multi-Strategy Fund or the LIM Asia Special Situations Master Fund (another major shareholder of the Company).
All capitalised terms used throughout this announcement shall have the meanings given to such terms in the Definitions section of this announcement and as defined in the Circular.
Enquiries:
|
Aseana Properties Limited |
|
|
Leong Kheng Cheong Lim Tian Huat Thong Kok Cheong |
|
|
|
|
|
Allenby Capital Limited (Financial Adviser) |
+44 (0) 20 3328 5656 |
|
Nick Naylor / Nick Athanas / Ashur Joseph |
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