Aseana Properties Limited Asset Sale (6009E)

TIDMASPL

RNS Number : 6009E

Aseana Properties Limited

30 June 2023

Aseana Properties Limited

("Aseana" or the "Company")

Asset sale

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia which is listed on the Main Market of the London Stock Exchange, announces that it has today entered into a binding conditional agreement (the "Agreement") to sell the Sandakan hotel asset and the Harbour Mall Sandakan (the "Sandakan Assets").

The total gross sales price of the transaction is MYR 165 million (approximately US$ 35 million) (the "Consideration") to be satisfied in two tranches. The first tranche of MYR 82.5 million is payable upon signing of the Agreement or within 30 days of signing the Agreement and will be applied to settle the indebtedness relating to the Sandakan Assets of approximately MYR 61 million (the "Asset Loans"). Any interest that accrues on the Asset Loans between the signing of the Agreement and the payment of the first tranche is payable in addition to the Consideration. The second tranche of MYR 82.5 million is payable on or before 30 September 2023. Completion of the transaction is subject to regulatory approval as required.

For further information:

 
Aseana Properties Limited 
Nick Paris, Non-Executive Chairman   nickparis@btinternet.com 
                                      +44(0)7738 470550 
 
Grant Thornton UK LLP 
Philip Secrett / George Grainger     +44(0)20 7383 5100

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain .

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

DISXBLFXXQLBBBL

(END) Dow Jones Newswires

June 30, 2023 10:02 ET (14:02 GMT)

Aseana Prop (AQSE:ASPL.GB)
過去株価チャート
から 11 2024 まで 12 2024