Business
Director Details Change
Director Details Change.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 8508A Aseana Properties Limited 15 October 2009 \n \nDate: 15 October 2009\nOn behalf of: Aseana Properties Limited (\"Aseana\" or \"the Company\")\nImmediate Release\n\n \nAseana Properties Limited\n\n\nDirector details change\n\n\n\nAseana Properties Limited (LSE: ASPL), a leading property developer investing in Malaysia and Vietnam, today announces that Dato' Mohammed Azlan bin Hashim, the Chairman of the Company, was recently appointed as non-executive director to Parkway Holdings Limited which is listed on the Singapore Exchange.\n\nAseana is listed on the Main List of the London Stock Exchange.\n\n-Ends-\n\n\nFurther information, please contact:\n\nEnquiries:\n\n\n\n\n\nRedleaf Communications\n\n\nTel: 020 7566 6700\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 / Gillian McCarthy\n\n\n\n\n\n\n\n\n\nNotes to Editors\n\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\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 real estate development, as well as encouraging and promoting land and property ownership\n\n\nImproving availability of mortgages to encourage property ownership\n...