Director Declaration

RNS Number : 0561Z

Aseana Properties Limited

09 March 2012

 



9 March 2012

Aseana Properties Limited

("Aseana" or "the Company")

Director Information

Aseana Properties Limited (LSE: ASPL), a property developer investing in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that Christopher Henry Lovell, a Non-Executive Director of the Company, has recently resigned as a Non-Executive Director of Treveria Plc, a company listed on AIM of the London Stock Exchange.

-Ends-

For further information:

Aseana Properties Limited          Tan May Lee	Tel: [phone] Email: [e-mail]
Panmure Gordon (UK) Limited        Richard Gray / Andrew Potts / Brett Jacobs	Tel: [phone] Email: [e-mail]
Tavistock Communications           Jeremy Carey / James Verstringhe	Tel: [phone] Email: [e-mail]

Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana" or "the Company") is a property developer investing in Malaysia and Vietnam.

Aseana typically invests in development projects at pre-construction stage. Investment is made in projects where it is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.

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 40 years 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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