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BRIEF-Aseana Properties announces update on progress of divestment of portfolio
November 24, 2017 / 7:28 AM / 22 days ago

BRIEF-Aseana Properties announces update on progress of divestment of portfolio

Nov 24 (Reuters) - ASEANA PROPERTIES LTD:

* ‍UPDATE ON PROGRESS OF DIVESTMENT OF PORTFOLIO​

* ‍IS IN NEGOTIATION WITH POTENTIAL BUYER OF SEAFRONT RESORT AND RESIDENTIAL DEVELOPMENT AT KOTA KINABALU

* ‍DISCUSSIONS CONTINUE TO BE HELD ON SALE OF MOST OF COMPANY‘S REMAINING ASSETS​

* ‍DIRECTORS CANNOT BE CERTAIN THAT DISCUSSIONS WILL SUCCESSFULLY CONCLUDE BY JUNE 2018, DATE ORIGINALLY SET FOR DISPOSAL OF ALL ASSETS​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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