Business
Waiver in respect of a Covenant to a Bank Loan
Waiver in respect of a Covenant to a Bank Loan.
About this update from Aseana Properties Limited
[{"type":"text","content":"\n \nRNS Number : 4626Z Aseana Properties Limited 17 May 2019 \n\nAseana Properties Limited \n(\"Aseana\" or the \"Company\")\n \n Waiver in respect of Non-compliance of a Financial Covenant to a Bank Loan\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 one of its subsidiary undertakings has on 6 May 2019 received a waiver from the lenders in respect of the non-compliance of a financial covenant to a bank loan, as disclosed in the Auditor's Report and Note 2.1 to the Company's Financial Statements for the year ended 31 December 2018.\n \n \nFor further information:\n \n\n\n\nAseana Properties Limited\n\n\nTel: +603 6411 6388\n\n\n\n\nChan Chee Kian\n\n\nEmail: [email protected]\n\n\n\n\n\n\n\n \n\n\n\n\nN+1 Singer \n\n\nTel: 020 7496 3000\n\n\n\n\nJames Maxwell / James Moat (Corporate Finance) \nSam Greatrex (Sales)\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nTavistock Communications\n\n\nTel: 020 7920 3150\n\n\n\n\nJeremy Carey / James Verstringhe\n\n\nEmail: [email protected]\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nNotes to Editors: \n \nLondon-listed Aseana Properties Limited (LSE: ASPL) is a property developer investing in Malaysia and Vietnam.\n \nIreka Development Management Sdn Bhd (\"IDM\") is the exclusive Development Manager for Aseana. It is a wholly-owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 52 years of experience in construction and property development. IDM is responsible for the day-to-day management of Aseana's property portfolio and the divestment of existing properties.\n\nThis information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com. END MSCUBRVRKNAVAAR\n ","length":5097,"tagName":"div"}]