Director/PDMR Shareholding

RNS Number : 2853S

Aseana Properties Limited

17 November 2011

 



17 November 2011

Aseana Properties Limited

("Aseana" or "the Company")

Director Shareholding

The Company has received notification that Gerald Ong Chong Keng, Non-Executive Director of Aseana Properties Limited, acquired 430,000 ordinary shares in the Company ("Ordinary Shares") on 16 November 2011 at a price of US$0.38 per share.

Following this acquisition, Gerald Ong Chong Keng holds a beneficial interest in 1,000,000 Ordinary Shares, representing approximately 0.47% of the issued share capital of the Company (being 212,525,000 Ordinary Shares).

-Ends-

For further information:

Aseana Properties Limited                   Tel: [phone]

Tan May Lee                                          Email: [e-mail]

Panmure Gordon (UK) Limited             Tel: [phone]

Richard Gray / Andrew Potts                    Email: [e-mail]

/ Brett Jacobs

Tavistock Communications                   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.

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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