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Sale of remaining residences at The RuMa Hotel

12th May 2023 09:33

RNS Number : 2513Z
Aseana Properties Limited
12 May 2023
 

12 May 2023

Aseana Properties Limited

("Aseana" or the "Company")

 

Sale of remaining residences at The RuMa Hotel & Residences

 

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that it has with the same party (i) entered into a conditional agreement to sell 32 unsold residences and (ii) will shortly enter into conditional agreements to sell the remaining 25 unsold residences at The RuMa Hotel & Residences ("RuMa") in Kuala Lumpur. 

The net proceeds for the total transaction is MYR 72 million (approximately US$16 million) and is subject to, inter alia, final due diligence by the buyer and receipt of government approval (land office) for the sale to a foreign investor. It is expected that the transaction will complete within six months whereupon Aseana will make a further announcement. 

 

For further information:

Aseana Properties Limited

Nick Paris, Non-Executive Chairman

 

[email protected]

+44(0)7738 470550

Grant Thornton UK LLP

Philip Secrett / George Grainger

+44(0)20 7383 5100

 

 

 

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