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Aseana Properties Development Manager Extends Notice Period
(Alliance News) - Aseana Properties Ltd said Wednesday its current development manager, Ireka Development Management Sdn Bhd, will terminate its contract on June 30.
Ireka is responsible for the day-to-day management, enhancement and divestment of the property developer's portfolio, as well as being a subsidiary of Ireka Corp Berhad the owner of a 23.07% interest in Aseana.
The June 30 date represents an extension to Ireka's three-month notice period. Aseana said the extension will "ensure a smooth handover".
The decision to resign from the development manager role is to avoid "any perception of conflict between Ireka's role and Ireka Corp's position as a substantial shareholder of Aseana", the company explained.
Latest ASPL News
- UK shareholder meetings calendar - next 7 days
22 May 2026 - IN BRIEF: Aseana Properties swings to profit but NAV falls back
24 Apr 2026 - EARNINGS: Aseana Properties back in profit; Crushmetric loss narrows
30 Sep 2025 - UK shareholder meetings calendar - next 7 days
23 May 2025 - Aseana Properties loss narrows as revenue doubles amid restructuring
13 May 2025 - Aseana Properties shares fall as order reached in legal dispute
26 Mar 2025 - UK shareholder meetings calendar - next 7 days
17 Feb 2025 - IN BRIEF: Aseana Properties names new CEO
2 Jan 2025
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Aseana Prop. News
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(Alliance News) - Aseana Properties Ltd on Tuesday said its loss narrowed as revenue increased in 2024, despite increased costs.
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