25 Apr 2012 07:10
25 April 2012
Aseana Properties Limited
(the "Company")
Appointment of Financial Adviser
Aseana Properties Limited (LSE: ASPL) a property developer investing in Malaysia and Vietnam, listed on the Main Market of the London Stock Exchange, is pleased to announce the appointment of Murphy Richards Capital LLP as its financial adviser to advise the Company in relation to its future capital requirements, strategy and ongoing management arrangements.
For further information:
Aseana Properties Limited | Tel: +603 6411 6388 |
Chan Chee Kian
| Email: cheekian.chan@ireka.com.my |
Murphy Richards Capital LLP | Tel: 020 3214 9930 |
Paul Richards / Rachel Rees | Email: paul@murphy-richards.com |
Panmure Gordon (UK) Limited | Tel: 020 7459 3600 |
Richard Gray / Andrew Potts / Brett Jacobs | Email: andrew.potts@panmure.com |
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) ("Aseana") 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 45 years of 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.
Aseana Prop. (ASPL)