Business
Publication of Q3 2018 Corporate Presentation: Amd
Publication of Q3 2018 Corporate Presentation: Amd.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n \nRNS Number : 8785M Aseana Properties Limited 11 January 2019 \n\n11 January 2019\n \nThe following replaces the publication of Q3 2018 Corporate Presentation announcement released at 07.01 under RNS number 8545M.\n \nA date has been added to the third paragraph.\n \nThe full amended text appears below.\n \nAseana Properties Limited\n \n(\"Aseana\" or the \"Company\")\n \nPublication of Q3 2018 Corporate Presentation & Revision of Expected Disposal Schedule\n \nAseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, announces that it has today published its Q3 2018 Corporate Presentation, a copy of which can be obtained from the Company's website at: http://www.aseanaproperties.com/corporatepresentation.htm\n \nAs a result of the prevailing market conditions and progress made by the Development Manager in disposing the Company's remaining assets, the Directors have revised the expected disposal schedule as follows:\n \n\n\n\n\nName of asset\n\n\nExpected Disposal Date\n\n\nRevised Disposal Date\n\n\n\n\nCity International Hospital \n\n\nQ4 2018\n\n\nQ2 2019\n\n\n\n\nSeafront Resort and Residential Development, Kota Kinabalu, Sabah \n\n\nQ4 2018\n\n\nQ4 2019\n\n\n\n\nHarbour Mall Sandakan\n\n\nQ4 2018\n\n\nQ3 2019\n\n\n\n\nInternational Healthcare Park\n\n\nQ2 2019\n\n\nUnchanged\n\n\n\n\nThe RuMa Hotel\n\n\nQ4 2019\n\n\nUnchanged\n\n\n\n\nThe RuMa Residences\n\n\nQ4 2019\n\n\nUnchanged\n\n\n\n\nFour Points by Sheraton Sandakan Hotel\n\n\nQ1 2020\n\n\nUnchanged\n\n\n\n\n \nCity International Hospital (\"CIH\") - Negotiations with a China-based healthcare group for the acquisition of CIH have been put on hold due to the inability of the buyer to secure necessary funding to complete the acquisition. The previously announced disposal date was established on the basis of a 'letter-of-intent' received from the China-based healthcare group in April 2018. Separately, discussions with a Vietnam-based healthcare group on the acquisition of CIH are continuing, with other preliminary discussions taking place simultaneously.\nSeafront Resort and Residential Development - The previously announced disposal date was established on the basis of a non-binding offer, followed by advanced ne...