Business
Quarterly Investor Update ava
Quarterly Investor Update ava.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 8810C Aseana Properties Limited 23 November 2009 \n \nDate: 23 November 2009\nOn behalf of: Aseana Properties Limited (\"Aseana\" or \"the Company\")\nEmbargoed for: 0701hrs\n\nAseana Properties Limited\n\n\nQuarterly Investor Update\n\n\n\nAseana Properties Limited (LSE: ASPL), a leading Asian property developer investing in Malaysia and Vietnam, announces that it has today issued a Quarterly Investor Update for the period ended 30 September 2009. Electronic copies of the report can be obtained on its website at the following link: http://www.aseanaproperties.com/quarterly.htm \n\nAseana is listed on the Official List of the London Stock Exchange.\n\nEnquiries:\n\n\n\n\n\nAseana Properties Ltd\n\n\n\n\n\n\n\nTan May Lee\n\n\nTel: +603 6203 6688\n\n\n\n\n\n\n\nEmail: [email protected]\n\n\n\n\nRedleaf Communications\n\n\nTel: 020 7566 6700\n\n\n\n\nSamantha Robbins / Adam Leviton / Kathryn Hurford\n\n\nEmail: [email protected]\n\n\n\n\nFairfax I.S. PLC\n\n\nTel: 020 7598 5368\n\n\n\n\nJames King / Gillian McCarthy\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\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\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\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\nThe Directors believe the following factors should provide sustainable growth in the real estat...