Aseana Properties Raises $1.07 Million Through Treasury Share Sale

Aseana Properties ( (GB:ASPL) ) has issued an update.

Aseana Properties Limited has announced a private placement agreement to raise approximately $1.07 million by selling 13,334,000 treasury shares at $0.08 per share. The proceeds will be used to address financial challenges, including repaying outstanding bank facilities to prevent foreclosure actions related to the Sandakan asset. This transaction affects 5.52% of the company’s issued share capital and adjusts the total voting rights to 241,377,498, which stakeholders can use for interest calculations.

More about Aseana Properties

Aseana Properties Limited is a property developer based in Malaysia and is listed on the main market of the London Stock Exchange. The company focuses on real estate development, primarily in the Malaysian market.

YTD Price Performance: -18.48%

Average Trading Volume: 41,365

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $11.99M

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