Aseana Transfer of Shares

RNS Number : 5105E

Aseana Properties Limited

04 November 2015

 

Aseana Properties Limited

("the Company")

Transfer of Shares

The Company was notified on 3 November 2015 that on 2 November 2015 Legacy Essence Limited ("Legacy"), a substantial shareholder, transferred 7,817,275 ordinary shares of USD0.05 per share ("Ordinary Shares") to related parties of Ireka Corporation Berhad ("Ireka").

Following the transfer, Legacy holds 31,269,102 Ordinary Shares, representing 14.75% of the Company's total issued share capital. 

The related parties of Ireka to which these shares have been transferred fall below the notifiable threshold under the FCA's Disclosure and Transparency Rules.

For further information:

Aseana Properties Limited	Tel: [phone]
Chan Chee Kian	Email: [e-mail]
N+1 Singer	Tel: [phone]
James Maxwell / Liz Yong (Corporate Finance) Sam Greatrex (Sales)
Tavistock	Tel: [phone]
Jeremy Carey / James Verstringhe	Email: [e-mail]

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 45 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.

 

END

 

 

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