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: [email protected] |
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N+1 Singer |
Tel: 020 7496 3000 |
James Maxwell / James Moat (Corporate Finance) Sam Greatrex (Sales) |
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Tavistock Communications |
Tel: 020 7920 3150 |
Jeremy Carey / James Verstringhe |
Email: [email protected] |
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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.
