Business
Final Results for the year ended 31 December 2024
Final Results for the year ended 31 December 2024.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n\n \n \n13 May 2025\n \nASEANA PROPERTIES LIMITED\n(\"Aseana\" or the \"Company\")\n \nFull Year Results for the year ended 31 December 2024\n \nFurther to the announcement released by the Company on 30 April 2025, Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, today announces the publication of its full year results for the year ended 31 December 2024 (\"FY24 Accounts\").\n \nThe FY24 Accounts will shortly be available on the Company's website at www.aseanapropertieslimited.com. A copy of the FY24 Accounts will shortly be submitted to the National Storage Mechanism where it will be available for public inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.\n \nFollowing publication of the FY24 Accounts the Company will be requesting a restoration of the listing of the Ordinary Shares. In the meantime, the Company's Ordinary Shares remain suspended from the Official List Equity Shares (transition) category of the Financial Conduct Authority (\"FCA\") pending further notice.\n \n \nEnquiries: \n \n\n\n\n\nAseana Properties Limited\n\n\n\n\n\n\n\nLeong Kheng Cheong\nLim Tian Huat\nThong Kok Cheong\n\n\[email protected] \[email protected] \[email protected]\n\n\n\n\n\n\n\n\n\n\n\n\nAllenby Capital Limited (Financial Adviser)\n\n\n+44 (0) 20 3328 5656\n\n\n\n\nNick Naylor / Nick Athanas / Ashur Joseph\n\n\n\n\n\n\n\n \nCHAIRMAN'S STATEMENT\n \nINTRODUCTION\nI am pleased to report on the results of Aseana Properties Limited (\"Aseana\" or the \"Company\") and its subsidiaries (together with referred to as the \"Group\") for the financial year ended 31 December 2024 (\"FY2024\").\nCOMMENTARY ON THE YEAR\nIn January 2024, the Company reached a settlement with Ireka Corporation Berhad (\"ICB\"), the parent company of our former Development Manager, under which their debts to the Company were settled via a buyback of 38.8 million Aseana shares held by ICB together with its 30% stake in both Urban DNA Sdn Bhd and The RuMa Hotel Sdn Bhd, both of which relate to The RuMa Hotel and Residences in Kuala Lumpur. The repurchased shares were cancelled, resulting, at the time, in an increase in Net Asset Value (\"NAV\") per share for the remaining shares i...