Business
RuMa Residences asset sale update
RuMa Residences asset sale update.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n\n28 June 2024\nAseana Properties Limited\n(\"ASEANA\" or the \"Company\")\nRuMa Residences asset sale update\nAseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, announces that it has sold a further 10 units of the unsold RuMa Residences units (the \"Units\") for 17.9 million RM. Principal debt on these Units of 8.6 million RM will be paid off when the proceeds are received which is expected to occur 90 days from the date of the signing of the Sale and Purchase Agreements (\"SPA\"). A deposit of approximately 1.8 million RM representing 10% of the purchase price has been received.\nThe sale of a further 2 units are in progress with value of 4.3 million RM, as we are awaiting to receive the signed SPA's from the buyers.\nWe continue to work to sell the remaining 35 RuMa Residential units.\n \nFor further information:\nAseana Properties Limited\nNick Paris, Non-Executive Chairman [email protected]\n +44 (0)7738 470550\nGrant Thornton UK LLP\nPhilip Secrett +44 (0)207 383 5100\n \nThe information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (withdrawal) Act 2018. Upon the publication of this announcement, this inside information is now considered to be in the public domain.\n\n","length":3232,"tagName":"div"}]