Last checked at 25 Jan 2012 07:00
25 January 2012
Aseana Properties Limited
("Aseana" or "the Company")
Transaction in own shares
Aseana Properties Limited (LSE: ASPL), a property developer investing in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, announces that on 24 January 2012 it purchased through Panmure Gordon (UK) Limited 47,779 of its ordinary shares of US$0.05 each ("Shares") at a price per Share of US$0.35. Following the purchases, the Company holds 500,000 Shares in treasury and has 212,025,000 Shares in issue (excluding Shares held in treasury). This completes the buyback programme as announced on 28 December 2011.
The above figure of 212,025,000 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA' s Disclosure and Transparency Rules.
-Ends-
For further information:
Aseana Properties Limited Tel: +603 6411 6388
Tan May Lee Email: maylee.tan@ireka.com.my
Panmure Gordon (UK) Limited Tel: 020 7459 3600
Richard Gray / Andrew Potts Email: andrew.potts@panmure.com
/ Brett Jacobs
Tavistock Communications Tel: 020 7920 3150
Jeremy Carey / James Verstringhe Email: jcarey@tavistock.co.uk
Notes to Editors:
London-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.
Aseana typically invests in development projects at pre-construction stage. Investment is made in projects where it 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.
Ireka Development Management Sdn Bhd ("IDM") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 40 years experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the introduction and facilitation of new investment opportunities.