Aseana Properties announces sale of Vietnam Assets

LONDON: Aseana Properties Limited (LSE: ASPL), a property developer in Malaysia and Vietnam which is listed on the Main Market of the London Stock Exchange, has completed the sale of its interests in both the City International Hospital and the adjacent International Healthcare Park in Ho Chi Minh City, Vietnam to its joint venture partner, the Hoa Lam Investment Development Corporation, as announced 25 August 2021.

Following these sales the Company has no assets in Vietnam and will concentrate on divesting its remaining four assets in Malaysia.

The gross sales price of the transaction is USD $95 million and under the terms of the agreement the buyer has assumed responsibility for the remaining liabilities of these two assets. The Company has received net cash of approximately USD $18.3 million.

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