30th Nov 2020 18:09
Aseana Properties Ltd - property developer in Malaysia and Vietnam - Directors and all parties to demerger agreements agreed to establish new December 11 long stop date. Ireka Corporation Berhad, one of the participating shareholders in demerger held an extraordinary general meeting of its independent shareholders on Monday and approved the demerger. However, another key condition to demerger is consent of company's lenders and guarantors of medium term notes and these consents have yet to be obtained. Aseana hopes consents and approvals can be obtained during this further extension period.
Current stock price: USD0.32
Year-to-date change: down 27%
By Arvind Bhunjun; [email protected]
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