Business
Final Results
Final Results.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n \n \n RNS Number : 0810U\n Aseana Properties Limited\n 27 July 2020\n \n \n \n \n 27 July, 2020\n \n \n \n \n \n Aseana Properties Limited\n \n \n (\"Aseana\" or the \"Company\")\n \n \n \n \n \n Full Year Results\n \n \n \n \n \n Aseana Properties Limited (LSE: ASPL LN), a property developer in both Malaysia and Vietnam which is listed on the Main Market of the London Stock Exchange, announces its audited full year results for the year ended 31 December 2019.\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n For further information:\n \n \n \n \n \n \n Aseana Properties Limited\n \n \n \n \n Tel: 020 7920 3150\n \n \n \n \n \n \n (via Tavistock)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Liberum Capital\n \n \n \n \n Tel: 020 3100 2000\n \n \n \n \n \n \n Gillian Martin / Owen Matthews\n \n \n \n \n \n \n \n \n \n Tavistock\n \n \n \n \n Tel: 020 7920 3150/07836 734 625\n \n \n \n \n \n \n Jeremy Carey / James Verstringhe\n \n \n \n \n [email protected]\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n CHAIRMAN'S STATEMENT\n \n The period under review has been the most turbulent and momentous period for our Company to date. Our assets have experienced huge challenges arising from the COVID-19 pandemic that have been exacerbated by the economic and political conditions unique to Malaysia. This has coincided with upheavals to the Board of Directors and the resignation of our Development Manager on 21 March 2019. While we have managed to successfully obtain the mandate from our shareholders on 30th December 2019 to extend the life of the Company by another 17 months until May 2021, we have been struck by the adverse economic effects of COVID-19 resulting in a forced hiatus to our asset divestment efforts which had until then looked promising.\n \n We would also like to take this opportunity to once again apologise for the delay of this Annual Report and correspondingly our Annual General Meeting. The finalisation of the Annual Report and completion of the audit have been delayed primarily due to the impact of the Covid-19 pandemic which led to the imposition of movement restrictions in Malaysia and Vietnam. These restrictions resulted in an approxi...