Business
Results of Share Buy-back
Results of Share Buy-back.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 0181R Aseana Properties Limited 23 April 2009 \n\nDate: 23 April 2009\nOn behalf of: Aseana Properties Limited (“Aseana” or “the Company”)\nImmediate Release\n \n\nAseana Properties Limited\n§ Share Buy-Back \n\nAseana Properties Limited announces that on 22 April 2009 it purchased 25,000,000 ordinary shares\nof USD0.05 each in the Company ('Shares') at a price of USD 0.15 per Share, to be held in treasury.\n \nFollowing the transaction, the total number of Shares in issue after deducting shares held in treasury is 225,000,000.\n \n-Ends-\n \nFurther information, please contact:\nEnquiries:\n \n\n\n\n\nRedleaf Communications\n\n\nTel: 020 7822 0200\n\n\n\n\nSamantha Robbins / Adam Leviton / 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 / Gillian McCarthy\n\n\n \n\n\n\n\n\n\n \nNotes to Editors\n\n \n§ Ireka 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§ Aseana 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§ Investment 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§ No one underlying single asset will account for more than 30% of the gross assets of the Company at the time of investment.\n \n§ The Directors believe the following factors should provide sustainable growth in the real estate ...