Aseana Properties : Waiver in respect of a Covenant to a Bank Loan

Waiver in respect of a Covenant to a Bank Loan

Released : 17/05/2019 16:10

RNS Number : 4626Z

Aseana Properties Limited

17 May 2019

Aseana Properties Limited ("Aseana" or the "Company")

Waiver in respect of Non‐compliance of a Financial Covenant to a Bank Loan

Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, announces that one of its subsidiary undertakings has on 6 May 2019 received a waiver from the lenders in respect of the non‐compliance of a financial covenant to a bank loan, as disclosed in the Auditor's Report and Note 2.1 to the Company's Financial Statements for the year ended 31 December 2018.

For further information:
Aseana Properties Limited	Tel: [phone]
Chan Chee Kian	Email:
	[e-mail]
N+1 Singer	Tel: [phone]
James Maxwell / James Moat (Corporate Finance)
Sam Greatrex (Sales)
Tavistock Communications	Tel: [phone]
Jeremy Carey / James Verstringhe	Email:
Notes to Editors:	[e-mail]

London‐listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.

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 52 years of experience in construction and property development. IDM is responsible for the day‐to‐day management of Aseana's property portfolio and the divestment of existing properties.

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