Aseana Properties (GB:ASPL) has released an update.
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Aseana Properties Limited, a Malaysian property developer listed on the London Stock Exchange, anticipates a need for up to USD 5 million in working capital by the end of 2024 and has ceased negotiations for the sale of its Sandakan asset due to lack of progress. The company is actively marketing its properties and considering multiple funding options, including a potential equity issue, to secure the necessary capital.
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