Aseana Prop. Regulatory News (ASPL)

30 Nov 2007 11:04

Aseana Properties Limited30 November 2007 Date: 30 November 2007On behalf of: Aseana Properties Limited ("Aseana" or "the Company") Aseana Properties Limited - Quarterly Investor Update Aseana Properties Limited (LSE: ASPL), an Asian property developer investing inMalaysia and Vietnam, announces that it has today issued a Quarterly InvestorUpdate for the period ended 30 September 2007. Electronic copies of the reportcan be obtained on its website at the following link: http://www.aseanaproperties.com/investorsrelations.htm Aseana Properties is listed on the Main List of the London Stock Exchange. Enquiries: Redleaf Communications Tel: 020 7822 0200Emma Kane / Samantha Robbins Email: sr@redleafpr.com Fairfax I.S. PLC Tel: 020 7598 5368James King Notes to Editors - Ireka Development Management, the Manager, is a wholly-ownedsubsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysiasince 1993, which has 40 years of experience in construction and propertydevelopment. - The Company will typically invest in development projects at thepre-construction stage, with a primary focus on location within the major citiesof Malaysia and Vietnam. - Investment will be made in projects where it is believed there willbe a minimum 30% annualised return on equity ("ROE") on investments in Vietnamand a minimum 20% ROE on investments in Malaysia. - No one underlying single asset will account for more than 30% of thegross assets of the Company at the time of investment. - It is the intention that the Net Proceeds of the Placing will befully invested in accordance with the investment policy within 12 months ofAdmission. - The Directors believe the following factors should providesustainable growth in the real estate sectors of both Malaysia and 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 This information is provided by RNS The company news service from the London Stock Exchange