9th Mar 2012 11:20
9 March 2012
Aseana Properties Limited
("Aseana" or "the Company")
Director Information
Aseana Properties Limited (LSE: ASPL), a property developer investing in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that Christopher Henry Lovell, a Non-Executive Director of the Company, has recently resigned as a Non-Executive Director of Treveria Plc, a company listed on AIM of the London Stock Exchange.
-Ends-
For further information:
Aseana Properties Limited Tan May Lee
| Tel: +603 6411 6388 Email: [email protected] |
Panmure Gordon (UK) Limited Richard Gray / Andrew Potts / Brett Jacobs
| Tel: 020 7459 3600 Email: [email protected] |
Tavistock Communications Jeremy Carey / James Verstringhe
| Tel: 020 7920 3150 Email: [email protected] |
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) ("Aseana" or "the Company") 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.
Related Shares:
Aseana Prop.