Aseana Prop. Regulatory News (ASPL)

Aseana Properties Limited

("Aseana")

Launch of City International Hospital in Ho Chi Min City, Vietnam

Aseana Properties Limited (LSE: ASPL), a real estate developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, announces that the City International Hospital in Ho Chi Minh City (HCMC) has commenced operations on [24 September 2013]. The City International Hospital is located within Aseana's International Hi-Tech Healthcare Park development.

Construction of the 320-bed hospital started in May 2010 and was completed in June 2013. The hospital will be managed by Parkway Pantai Limited, one of Asia's leading private healthcare groups.

Sited on 2.5 hectares of land, the City International Hospital will be one of the largest international standard, private hospitals in Ho Chi Minh City with a floor area of 57,000 sq.m. across nine levels. The hospital will provide a wide range of services including: General Medicine, Obstetrics & Gynaecology, Paediatrics, General Surgery, Cardiology, Gastroenterology, Oncology, Orthopaedics, Otorhinolaryngology, Urology and Ophthalmology.

The hospital is the first phase of the International Hi-Tech Healthcare Park ("IHTHP"), a mixed-use scheme comprising world-class private hospitals, mixed commercial, hospitality and residential developments on a 37 hectare site. Located in the Binh Tan District, the healthcare park is approximately 11 km from District 1, the central business and commercial district of HCMC.

Aseana has a 67% equity interest in the IHTHP. The remaining interest is held by Aseana's joint venture partner, Hoa Lam Group, which holds a significant minority stake, together with a consortium of investors from Singapore, Malaysia and Vietnam.

Mohammed Azlan Hashim, Chairman of Aseana, said: "After three years of planning and construction, we are delighted to launch the City International Hospital and hand over management of day-to-day operations to Parkway Pantai, an operator with over 30 years of excellent hospital management experience. We look forward to the opening of this important facility offering international standard health care to patients and their families." 

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Notes to Editors:

London-listed Aseana Properties Limited (LSE: ASPL) is a real estate 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 45 years of 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.