Business
Updates re. MTNs, RuMa units & legal action
Aseana Properties Limited has secured a new facility of up to RM44.2 million (approximately US$10.5 million) from Alliance Bank Malaysia Berhad to refinance RM29.0 million (approximately US$6.9 million) of outstanding Commercial Paper and Medium Term Notes, along with other short-term borrowings and for working capital. This new facility, with an anticipated interest rate below 6% per annum and a repayment period of up to 10 years, replaces the previous notes on more favourable terms. Additionally, all eighteen remaining residential units at The RuMa Residences have been sold, with proceeds contributing to debt redemption. In ongoing legal action, UDNA has deposited RM5.4 million into an escrow account as per an amended consent order, which will be released upon conclusion of court proceedings, while Aseana maintains it contests the underlying claims. Disclaimer*
About this update from Aseana Properties Limited
This announcement contains information that, prior to its disclosure, was inside information as stipulated under Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended). 26 February 2026 ASEANA PROPERTIES LIMITED ("Aseana" or the "Company") Updates regarding refinancing of Medium Term Notes, sale of units at The RuMa Residences and legal action Aseana (LSE: ASPL), a property developer in Malaysia listed on the main market of the London Stock Exchange, is pleased to announce that Urban DNA Sdn Bhd ("UDNA"), a wholly owned subsidiary of Aseana, has successfully secured a facility of up to 44.2 million Malaysian ringgit ("RM") (equivalent to c.US$10.5 million) from Alliance Bank Malaysia Berhad (the "New Facility"). The purpose of the New Facility is for UDNA to settle the remaining outstanding sum of the Potensi Angkasa Sdn Bhd Commercial Paper and/or Medium Term Notes (the "PASB CP/MTN") (principal, coupon, financing and other related costs) in full totalling RM29.0 million (equivalent to c.US$6.9 million) and to retire other short-term borrowings of the Company as well as for general working capital purposes. UDNA has successfully drawn down RM33.2 million (equivalent to c.US$7.9 million) on the New Facility which has been utilised, together with certain existing cash resources and cash generated from the sale of units at the RuMa Residences as outlined below, to settle the remaining outstanding sum of the PASB CP/MTN and other short-term borrowings in full. This New Facility is the latest refinancing exercise that has been concluded by the Company subsequent to the long-term facility secured from AmBank (M) Berhad (the "AmBank Facility") as announced by the Company on 24 June 2025. Similar to the AmBank Facility, the New Facility has been put in place on more favourable financing terms than the PASB CP/MTN, including at a significantly lower interest rate (anticipated to be below 6% per annum) and up to 10 years of repayment period from the date of first drawdown (inclusive of 12 months grace period). The New Facility is subject to security arrangements. This includes Alliance Bank holding a first legal charge over the RuMa Hotel & Residences asset and a first party debenture by way of a fixed and floating charge over the assets of UDNA. The New Fa...
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