Business
Aseana Quarterly Investor Upd
Aseana Quarterly Investor Upd.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 7166C Aseana Properties Limited 04 September 2008 \n \nDate: 4 September 2008\nOn behalf of: Aseana Properties Limited ('Aseana' or 'the Company')\nEmbargoed for: 0700hrs\n\nAseana Properties Limited\n\n\nQuarterly Investor Update\n\n\n\nAseana Properties Limited (LSE: ASPL), an Asian property developer investing in Malaysia and Vietnam, announces that it has today issued a Quarterly Investor Update for the period ended 30 June 2008. Electronic copies of the report can be obtained on its website at the following link: \nhttp://www.aseanaproperties.com/ir.htm \n\nAseana is listed on the Main List of the London Stock Exchange.\n\nEnquiries:\n\n\n\n\n\nRedleaf Communications\n\n\nTel: 020 7822 0200\n\n\n\n\nSamantha Robbins / Adam Leviton / 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\n\n\n\n\n\n\n\n\nNotes to Editors\n\n\n\nIreka Development Management, the Manager, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has 40 years of experience in construction and property development.\n\n\n\n\n\nThe Company typically invests in development projects at the pre-construction stage, with a primary focus on locations within the major cities of Malaysia and Vietnam. \n\n\n\n\n\nInvestment 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.\n\n\n\n\n\nNo 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\nThe Directors believe the following factors should provide sustainable growth in the real estate sectors of both Malaysia and Vietnam:\n\n\nAn increasing standard of living and urbanisation driven by a burgeoning young and middle class population\n\n\nClear Government role in encouraging participation of private sectors in rea...