Business
Notice of Audited Full Year R
Notice of Audited Full Year R.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 1761P Aseana Properties Limited 20 March 2009 \n \nDate: 20 March 2009\nOn behalf of: Aseana Properties Limited ('Aseana' or 'the Company')\nEmbargoed for: 0700hrs\n\n\n\nAseana Properties Limited\nNotice of Audited Full Year Results 2008\n\nAseana Properties Limited (LSE: ASPL), an Asian property developer on the Official List of the London Stock Exchange, will be announcing its audited final results for the twelve months ended 31 December 2008 on Friday 17 April, 2009. \n\n\n\nEnquiries:\n\n\n\n\n\nAseana Properties Limited\n\n\nContactable via Redleaf Communications\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Communications\n\n\nTel: +44 (0)20 7566 6700 \n\n\n\n\nAdam Leviton / Samantha Robbins / 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\n\n\nNotes to editors\n\n\n\nIreka Development Management, the Development Manager for Aseana Properties Limited, is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 40 years of experience in construction and property development.\n\n\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\n\n\nAn increasing standard of living and urbanisation driven by a burgeoning young and middle class population\n\n\nClear Government r...