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23 Nov 2009 07:01
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Date: 23Β NovemberΒ 2009
On behalf of: Aseana Properties LimitedΒ ("Aseana" orΒ "the Company")
Embargoed for: 0701hrs
Aseana Properties Limited
Aseana Properties LimitedΒ (LSE: ASPL),Β a leadingΒ Asian property developer investing inΒ MalaysiaΒ andΒ Vietnam, announces that it has today issuedΒ aΒ Quarterly Investor UpdateΒ for the period ended 30 September 2009. Electronic copies of the report can be obtained on its website at the following link:Β http://www.aseanaproperties.com/quarterly.htmΒ
AseanaΒ is listed on theΒ OfficialΒ List of the London Stock Exchange.
Enquiries:
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Aseana Properties Ltd |
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|
Tan May Lee |
Tel: +603 6203 6688 |
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Email: maylee.tan@ireka.com.my |
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Redleaf Communications |
Tel:Β 020Β 7566Β 6700 |
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Samantha Robbins / Adam Leviton / Kathryn Hurford |
Email:Β aseana@redleafpr.com |
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Fairfax I.S. PLC |
Tel: 020 7598 5368 |
|
James KingΒ / Gillian McCarthy |
Notes to Editors
The Directors believe the following factors should provide sustainable growth in the real estate sectors of bothΒ MalaysiaΒ andΒ Vietnam:
An increasing standard of living and urbanisation driven by a burgeoning young and middle class population
Clear Government role in encouraging participation of private sectors in real estate development, as well as encouraging and promoting land and property ownership
Improving availability of mortgages to encourage property ownership
Favoured Foreign Direct Investment (FDI) destinations driving demand for commercial and industrial properties
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