Aseana Prop. Regulatory News (ASPL)

3 Jun 2009 09:51



Date: 3 June 2009

On behalf of: Aseana Properties Limited ("Aseana" or "the Company")

Immediate Release

Aseana Properties Limited

Share Buy-Back

Further to the announcement on 29 May 2009 regarding the share buy-back scheme, Aseana, an Asian property developer investing in Malaysia and Vietnam today announces that on 1 June 2009 it bought back 12,475,000 ordinary shares in the Company all of which will be cancelled. The Company currently has 25,000,000 ordinary shares held in treasury and 1,400,000 of these shares will also be cancelled. Following cancellation, 23,600,000 ordinary shares will be held in treasury, 236,125,000 ordinary shares will be in issue and the voting share capital of the Company will be 212,525,000.

Aseana is listed on the Main List of the London Stock Exchange.

-Ends-

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Notes to Editors

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