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Aseana Prop. (ASPL) Share News

IN BRIEF: Aseana Properties withdraws legal action against ICB

29th Jan 2024 21:46

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 Case withdrawn after ICB agreed to transfer 38.8 million shares in Aseana plus its 30% shareholdings in the two joint venture companies that own The RuMa Hotel & Residences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

IN BRIEF: Aseana says Sandakan sale ongoing as bank pays loan notes

8th Jan 2024 14:08

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

IN BRIEF: Aseana touts Sandakan sale progress despite note default

8th Dec 2023 16:42

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

EARNINGS: Symphony bemoans "weak global demand"; Aseana sells assets

26th Sep 2023 15:32

(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

TRADING UPDATES: Kefi confident; Aseana Properties sells assets

30th Jun 2023 17:28

(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

IN BRIEF: Aseana shareholders allow continuation, depose director

2nd Jun 2023 12:13

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

UK shareholder meetings calendar - next 7 days

23rd May 2023 15:46

Aseana Properties agrees to sell 32 unsold residences in Kuala Lumpur

12th May 2023 12:39

(Alliance News) - Aseana Properties Ltd on Friday said that it has agreed to sell a number of its unsold residences in Kuala Lumpur. Read More

EARNINGS SUMMARY: Argo Blockchain revenue drops as Bitcoin prices fall

28th Apr 2023 14:38

(Alliance News) - The following is a round-up of earnings updates by London-listed companies, issued on Friday and not separately reported by Alliance News: Read More

IN BRIEF: Aseana loss widens as Covid restrictions hit RuMA hotel

15th Sep 2022 13:41

Aseana Properties Ltd - Jersey-based property developer with investments in Malaysia and Vietnam - In the first half of 2022, pretax loss widens to USD12.8 million from USD1.3 million a year before. Records no revenue for the period, comapred to USD516,00 a year before. Net asset value per share amounts to 40 cents at June 30, down from 47 cents at the end of December. Says Covid travel restrictions were lifted in January in Malaysia, but borders did not reopen until April 1. This hit the RuMa Hotel, which has 32% occupancy for the period. Also notes the headwinds of Covid-19 restrictions in China, the economic impact of the Ukraine war, as well as monetary policy tightening across central banks. Read More

IN BRIEF: Aseana Properties to find new buyer for RuMa Hotel

5th Aug 2022 17:59

Aseana Properties Ltd - Jersey-based property development company - On Wednesday, announces that the conditions of the agreement to sell the remaining residences at RuMa Hotel & Residences have not been met. Consequently, the sale agreement was terminated. Company therefore restarts efforts to find a new potential buyer for the assets. Read More

TRADING UPDATES: FirstGroup extends takeover date; Tasty repays debt

23rd Jun 2022 21:28

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More

IN BRIEF: Aseana director Lovell re-elected to board with 51% support

17th Jun 2022 14:37

Aseana Properties Ltd - Jersey-based property development company - Notes that Director Christopher Lovell was re-elected to the board with 51% of shares cast at the firm's annual general meeting on Friday. Lovell originally joined the company as independent non-executive director in March 2007, before retiring at the 2018 annual general meeting. He returned to the company as non-executive director in June 2019. Read More

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