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Aseana Prop Ltd (ASPL)

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Friday 17 May, 2019

Aseana Prop Ltd

Waiver in respect of a Covenant to a Bank Loan

RNS Number : 4626Z
Aseana Properties Limited
17 May 2019
 

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]

 

N+1 Singer

Tel: 020 7496 3000

James Maxwell / James Moat (Corporate Finance)

Sam Greatrex (Sales)

Tavistock Communications

Tel: 020 7920 3150

Jeremy Carey / James Verstringhe

Email: [email protected]

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.


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