RuMa Residences asset sale update
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Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia listed on the Main Market of the London Stock Exchange, announces that it has signed Sale and Purchase Agreement(s) on 29th April 2024 to sell 10 of the unsold RuMa Residences units (the "Units") for 15.4 million RM. Principal debt on these Units of 12.5 million RM will be paid off when the proceeds are received which is expected to occur 90 days from the signing of the Sale and Purchase Agreements. A deposit of approximately 1.5m RM representing 10% of the purchase price has been received.
We continue to work to sell the remaining 47 RuMa Residences units.
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