Aseana Properties Ltd - Jersey-based property development company focused on Vietnam and Malaysia - Appoints Leong Kheng Cheong as its chief financial officer, effective January 1, 2025. Aseana says Kheng Cheong is a certified practising accountant in Australia and brings over 28 years of financial and strategic leadership experience across diverse industries in Asia, including roles at DFI Retail Group and Tesco Property Ltd. Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Aseana Properties Ltd on Friday updated shareholders on the sale of the Sandakan hotel and the adjacent Harbour Mall in Malaysia. Read More
Aseana Properties Ltd - Jersey-based property development company focused on Vietnam and Malaysia - Names Thong Kok Cheong and Clare Mariam Binti Muhiudeen as directors of the board effective with immediate effect. Read More
Aseana Properties Ltd - Malaysia-focused property developer - Receives letter from shareholders LIM Asia Multi-Strategy Fund Inc and LIM Asia Special Situations Master Fund Inc calling on Aseana to convene a general meeting. The shareholders propose Aseana adds Dato Dr Thong Kok Cheong and Clare Mariam Binti Muhiudeen be as directors. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and Wednesday, and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Aseana Properties Ltd on Monday said it signed a supplemental sale and purchase agreement to extend a prior agreement on selling the Sandakan hotel asset and the adjacent Harbour Mall in Malaysia. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Secures USD1 million in total in working capital from three loan agreements, two of which are with directors and associates. The loans run for one year and pay 15% annual interest. They are secured by Aseana's RuMa Hotel & Residence in Kuala Lumpur. Back in January, Aseana had said it was seeking up to USD2 million in short-term finance. This was after it withdrew legal action that it was taking in Malaysian courts against Ireka Corp Bhd, the parent company of its former development manager, for non-payment of various debts. Read More
Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Withdraws legal action that it was taking in the Malaysian Courts against Ireka Corporation Berhad, the parent company of its former development manager, for non-payment of various debts. Case withdrawn after ICB agreed to transfer 38.8 million shares in Aseana plus its 30% shareholdings in the two joint venture companies that own The RuMa Hotel & Residences in Kuala Lumpur to Aseana. Estimates impact of the settlement would be to decrease the net asset value from USD69.1 million as at June 30 2023, to a pro forma unaudited NAV of USD63.4 million as at the same date. Read More
Aseana Properties Ltd - Malaysia and Vietnam-focused property developer - Says that negotiations for the sale of the Sandakan hotel asset and Harbour Mall Sandakan are "ongoing". Aseana agreed in June to sell the assets for MYR165 million, around USD35 million. Says that the medium term notes used to finance the two assets have been paid back by the notes' bank guarantors, following the creation of an event of default. Aseana failed to pay back the notes on the original agreement date of December 8 and was given an extra thirty-day cure period. Company says the unnamed prospective buyer will submit a bank guarantee "in the next few days", which would cover the outstanding loan. Read More
Aseana Properties Ltd - Property developer in Malaysia and Vietnam - Says it is still making progress on the sale of its Sandakan hotel asset, as well as the adjacent Harbour Mall Sandakan asset, and that an extension has been made to the sale and purchase agreement. Explains that payment of part of the purchase price is being arranged. Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More
Aseana Properties Ltd - Jersey-headquartered property developer in Malaysia and Vietnam - On Wednesday said shareholders voted against discontinuation resolution at general meeting on Tuesday. Company will continue to seek asset disposal "in a measured manner" until next discontinuation vote in May 2025. At annual general meeting also on Tuesday, shareholders re-elected Chair Nicholas Paris with 57% of the vote; 43% voted against. Non-Executive Director Hock Chye Tan also was re-elected with 79% of the vote. However 67% voted against re-electing Monica Lai to the board. Lai's duties as non-executive director therefore have stopped with immediate effect. Read More