Aseana Properties (GB:ASPL) has released an update.
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Aseana Properties Limited, listed on the London Stock Exchange, has announced the appointment of receivers and managers by Maybank due to a default on a loan by its subsidiary, ICSD Ventures. The company is working with KPMG Corporate Restructuring to ensure the smooth operation of Sandakan Mall and is exploring interim financing and potential equity fundraising to address the situation. This development highlights the challenges faced by Aseana in managing its financial obligations while maintaining operations in Malaysia.
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