Business
Net Asset Value
Net Asset Value.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n Aseana Properties Limited\n22 August 2007\n\nDate: 22 August 2007\n\nOn behalf of: Aseana Properties Limited ('Aseana' or 'the Company')\n\n\n\n\n\nAseana Properties Limited\n• Net Asset Value\n\n\n\nAseana Properties Limited (LSE: ASPL), an Asian property developer investing in\nMalaysia and Vietnam, today announces that at close of business on 30 June 2007,\nits unaudited net asset value per share is US$0.968.\n\n\n\n\n\nEnquiries:\n\n\nAseana Properties Limited Contactable via Redleaf\n\nRedleaf Communications Tel: 020 7822 0200\nEmma Kane / Samantha Robbins Email: [email protected]\n\nFairfax I.S. PLC Tel: 020 7598 5368\nJames King\n\n\n\n\n\nNotes to Editors\n\n\n\n• Ireka Development Management, the Manager, is a wholly-owned\nsubsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia\nsince 1993, which has 40 years of experience in construction and property\ndevelopment.\n\n\n\n• The Company will typically invest in development projects at the\npre-construction stage, with a primary focus on location within the major cities\nof Malaysia and Vietnam.\n\n\n\n• Investment will be made in projects where it is believed there will\nbe a minimum 30% annualised return on equity ('ROE') on investments in Vietnam\nand a minimum 20% ROE on investments in Malaysia.\n\n\n\n• No one underlying single asset will account for more than 30% of the\ngross assets of the Company at the time of investment.\n\n\n\n• It is the intention that the Net Proceeds of the Placing will be\nfully invested in accordance with the investment policy within 12 months of\nAdmission.\n\n\n\n• The Directors believe the following factors should provide\nsustainable growth in the real estate sectors of both Malaysia and Vietnam:\n\n o An increasing standard of living and urbanisation driven by a\n burgeoning young and middle class population\n\n o Clear Government role in encouraging participation of private sectors\n in real estate development, as well as encouraging and promoting land and\n property ownership\n\n o Improving availability of mortgages to encourage property ownership\n\n o Favoured Foreign Direct Investment (FDI) destinations driving demand\n for commercial and industrial properties\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange \n ","length":2568,"tagName...