Business
Annual Report
Annual Report.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 8208Q Aseana Properties Limited 21 April 2009 \nDate: 21 April 2009\nOn behalf of: Aseana Properties Limited ('Aseana' or 'the Company')\nEmbargoed for: 0700hrs\n \nAseana Properties Limited\n\n\n\nAnnual Report\n \n\n\n\nThe Board of Aseana Properties Limited (LSE: ASPL), an Asian property developer on the Official List of the London Stock Exchange, is pleased to announce that it's Annual Report for 2008 is now available. \nElectronic copies of the report can be obtained on its website at the following link: http://www.aseanaproperties.com/annual_reports.htm\nEnquiries:\n \n\n\n\n\nAseana Properties Limited\n\n\nContactable via Redleaf Communications\n\n\n\n\n \n\n\n \n\n\n\n\nRedleaf Communications\n\n\nTel: +44 (0)20 7566 6700 \n\n\n\n\nAdam Leviton / Samantha Robbins / Kathryn Hurford\n\n\nEmail: [email protected]\n\n\n\n\n \n\n\n \n\n\n\n\nFairfax I.S. PLC\n\n\nTel: 020 7598 5368\n\n\n\n\nJames King / Gillian McCarthy\n\n\n \n\n\n\n\n \nNotes to editors:\n\nIreka Development Management, the Development Manager for Aseana Properties Limited, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 40 years of experience in construction and property development.\n\n\nAseana Properties Limited typically invests in development projects at pre-construction stage, with a primary focus on locations within the major cities of Malaysia and Vietnam. \n\n\n\n\nInvestments are 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.\n\n\n\n\n No one underlying single asset will account for more than 30% of the gross assets of the Company at the time of investment.\n \n\n\n\n\n The Directors believe the following factors should provide sustainable growth in the real estate sectors of both Malaysia and Vietnam:\n\n\n\nA...