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Last checked at 
29 May 2009 14:46
Date: 29 May 2009
On behalf of: Aseana Properties Limited ("Aseana" or "the Company")
Immediate Release
Aseana Properties Limited
Aseana Properties Limited (LSE: ASPL), an Asian property developer investing in Malaysia and Vietnam, today announces that the Board of the Company has resolved to implement a share buy-back scheme of up to 4.99% of the Company's shares in issue, which represents the remaining unused buy-back authority granted pursuant to a special resolution passed at the Company's extraordinary general meeting held on 17 October 2008. All shares bought back pursuant to this scheme will be cancelled.
Aseana 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 Leviton / Kathryn Hurford |
Email: aseana@redleafpr.com |
|
Fairfax I.S. PLC |
Tel: 020 7598 5368 |
|
James King / Gillian McCarthy |
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
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