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Last checked at 
28 Apr 2009 10:15
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Date: 28 AprilΒ 2009
On behalf of: Aseana Properties LimitedΒ ("Aseana" orΒ "the Company")
Immediate Release
Aseana Properties Limited
Major interest in Shares
Aseana Properties LimitedΒ has been notifiedΒ thatΒ on 23Β AprilΒ 2009,Β Standard Life Investments LtdΒ ("Standard Life")Β hasΒ decreasedΒ its interest inΒ ordinary sharesΒ in the CompanyΒ ("Ordinary Shares").Β Standard LifeΒ previously heldΒ 25,000,000Β Ordinary Shares and as at the date of the notification, being 23Β AprilΒ 2009,Β Standard LifeΒ now holdsΒ 15,000,000Β Ordinary Shares representingΒ 6.667% of theΒ votingΒ issued share capital of the CompanyΒ beingΒ 225,000,000Β Ordinary Shares.
AseanaΒ is listed on the Main List of the London Stock Exchange.
-Ends-
Further information, please contact:
Enquiries:
|
Redleaf Communications |
Tel: 020 7566 6700 |
|
Samantha Robbins / Adam LevitonΒ / Kathryn Hurford |
Email:Β aseana@redleafpr.com |
|
Fairfax I.S. PLC |
Tel: 020 7598 5368 |
|
James KingΒ / Gillian McCarthy |
Notes to Editors
Β
Ireka Development Management, theΒ DevelopmentΒ ManagerΒ for Aseana Properties Limited, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which hasΒ overΒ 40 years of experience in construction and property development.
Aseana Properties LimitedΒ typically investsΒ in development projects at pre-construction stage, with a primary focus on locationsΒ within the major cities ofΒ MalaysiaΒ andΒ Vietnam.
InvestmentΒ is made in projects where itΒ is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.
No one underlying single asset will account for more than 30% of the gross assets of the Company at the time of investment.
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