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IN BRIEF: Aseana Properties to find new buyer for RuMa Hotel

ALN

Aseana Properties Ltd - Jersey-based property development company - On Wednesday, announces that the conditions of the agreement to sell the remaining residences at RuMa Hotel & Residences have not been met. Consequently, the sale agreement was terminated. Company therefore restarts efforts to find a new potential buyer for the assets.

Aseana first announced it entered into an agreement to sell the remaining 58 unsold residences at RuMa in Kuala Lumpur in September 2021.

Current stock price: $0.20

12-month change: down 35%

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