Business
Share Buy-Back
Share Buy-Back.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n RNS Number : 2776T Aseana Properties Limited 03 June 2009 \n \nDate: 3 June 2009\nOn behalf of: Aseana Properties Limited ('Aseana' or 'the Company')\nImmediate Release\n\nAseana Properties Limited\nShare Buy-Back\n\nFurther to the announcement on 29 May 2009 regarding the share buy-back scheme, Aseana, an Asian property developer investing in Malaysia and Vietnam today announces that on 1 June 2009 it bought back 12,475,000 ordinary shares in the Company all of which will be cancelled. The Company currently has 25,000,000 ordinary shares held in treasury and 1,400,000 of these shares will also be cancelled. Following cancellation, 23,600,000 ordinary shares will be held in treasury, 236,125,000 ordinary shares will be in issue and the voting share capital of the Company will be 212,525,000.\n\nAseana is listed on the Main List of the London Stock Exchange.\n\n-Ends-\n\nFurther information, please contact:\n\nEnquiries:\n\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\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\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\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...