Board Change • May 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Tian Lim is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Apr 27
Aseana Properties Limited, Annual General Meeting, May 29, 2026 Aseana Properties Limited, Annual General Meeting, May 29, 2026. Announcement • Feb 26
Aseana Properties Limited and Urban Dna Sdn Bhd Provide Update on Legal Action Aseana Properties Limited announced that further to the Company's previous announcements in relation to the legal action, details of which were set out in the announcements of 27 December 2024 and 26 March 2025, the consent order granted by the Kuala Lumpur High Court in Malaysia has since been amended. The Company confirms that, in accordance with the amended consent order, Urban DNA Sdn Bhd (UDNA) has deposited MYR 5.4 million into a joint stakeholders' interest-bearing account. The deposited sum and all accrued interest will remain held in escrow and will be released to the successful party following the conclusion of court proceedings at the High Court of Malaysia, Court of Appeal of Malaysia or Federal Court of Malaysia, as applicable. Following the deposit, the charges previously created over the 30 unencumbered hotel units at The RuMa Hotel and Residences owned by UDNA in favour of the relevant defendants will be discharged in accordance with the amended consent order. The Company emphasised that the amended consent order does not constitute any admission of liability by Aseana or UDNA, and the underlying claims remain fully contested. Announcement • Nov 28
Aseana Properties Limited has filed a Follow-on Equity Offering in the amount of $3.862 million. Aseana Properties Limited has filed a Follow-on Equity Offering in the amount of $3.862 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 48,275,000
Price\Range: $0.08 Board Change • Oct 20
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Tian Lim is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Sep 10
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Tian Lim is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jul 02
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Tian Lim is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Board Change • Jun 08
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Chairman Tian Lim is the most experienced director on the board, commencing their role in 2024. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Jun 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Revenue is less than US$5m (US$2.9m revenue). Market cap is less than US$100m (US$20.5m market cap). Announcement • May 30
Aseana Properties Limited Approves Appointment of Dato' Dr Thong Kok Cheong Aseana Properties Limited announced that at the General Meeting held on 30 May 2025, shareholders approved election of Dato' Dr Thong Kok Cheong. Announcement • May 13
Aseana Properties Limited, Annual General Meeting, May 30, 2025 Aseana Properties Limited, Annual General Meeting, May 30, 2025, at 16:30 Singapore Standard Time. Location: level 6m boardroom, the ruma hotel and residences, 7 jalan kia peng, 50450 kuala lumpur Malaysia New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (51% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (US$19.9m market cap). New Risk • Apr 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 43% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Shareholders have been substantially diluted in the past year (43% increase in shares outstanding). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (US$18.2m market cap). Announcement • Feb 28
Aseana Properties Limited has completed a Follow-on Equity Offering in the amount of $5.4552 million. Aseana Properties Limited has completed a Follow-on Equity Offering in the amount of $5.4552 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,637,499
Price\Range: $0.08
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 33,552,501
Price\Range: $0.08 New Risk • Feb 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (US$11.6m market cap). Announcement • Feb 10
Aseana Announces Appointment of Leong Kheng Cheong as Director of the Board Aseana announced an appointment to the Board and the appointment of an adviser to the Company. The company on 2 January 2025 appointing Mr. Leong Kheng Cheong as Chief Executive Officer of the Company, KC has now been appointed as a director of the Board with immediate effect. Announcement • Jan 02
Aseana Properties Limited Appoints Leong Kheng Cheong as Non-Board CEO Aseana Properties Limited announced that Leong Kheng Cheong ("KC") has been appointed as non-board CEO of the Company, effective from 1 January 2025. KC, a fellow member of the CPA Australia, brings with him over 28 years of finance and strategic leadership experience across diversified industries in FMCG & luxury retailing, commercial property development & management, automotive distribution and financial institutions across Hong Kong, Mainland China and Southeast Asia. He has held senior positions in reputable multinational corporations prior to the appointment, most recently the Finance Director, Group Planning & Reporting of the DFI Retail Group (a pan-Asian retail conglomerate of the Jardines Group) in Hong Kong, as well as the Financial Planning & Analysis Director of Tesco Property Limited (a subsidiary of Tesco Plc) in China. Announcement • Dec 13
Aseana Properties Limited Announces Resignation of Clare Mariam Binti Muhiudeen as a Director Aseana Properties Limited announced that Clare Mariam Binti Muhiudeen has resigned as a Director of the Company, effective 7 December 2024. Reported Earnings • Oct 02
First half 2024 earnings released: US$0.028 loss per share (vs US$0.027 loss in 1H 2023) First half 2024 results: US$0.028 loss per share. Net loss: US$4.51m (loss narrowed 17% from 1H 2023). Announcement • Sep 30
Aseana Properties Limited Announces Board Changes Aseana Properties Limited announced following its update on 29 August 2024, that a further 5 RuMa residences have been sold by existing divestment team and Sale and Purchase Agreements have been signed and sale deposits received on 4 of them with the 5th expected to be signed and a deposit received shortly. The remaining 20 RuMa residences are still available for sale. Now that the transition to the new management arrangements has been concluded, Nick Paris resigned as Chairman of the Board and a Director of the Company and Hock Chye Tan resigned as a Director with immediate effect. In addition, Mr. Tian Huat Lim was appointed as an independent non-executive Director. He was formerly a partner at Ernst & Young specialising in restructuring and insolvency and is a member of the Malaysian institute of Accountants. He was a Director of Anglo-Eastern Plantations PLC which is listed on the London Stock Exchange from 2015 to June 2024. He is currently Executive Chairman of Rodgers Reidy & Co. which operate an international insolvency network around Australasia. Announcement • Sep 17
Aseana Properties Limited Announces Board Resignations Aseana Properties Limited announced that Robert Minty has resigned as a Director of the Company with immediate effect. Hock Chye Tan and Nick Paris will also be resigning as Directors once the Interim Accounts for the Company for the six months to 30 June 2024 are published at the end of September. The Board is working through the selection of new Directors, including the appointment of a new Director to Chair the Board of Directors. Announcement • Jul 04
Aseana Properties Limited Approves Board Appointments Aseana Properties Limited at its RGM held on July 3, 2024 approved the appointment of Dato Dr. Thong Kok Cheong and Clare Mariam Binti Muhiudeen as a directors to the Board and their appointments will become effective once their required know your client ("KYC") forms have been received in Jersey by the Company Secretary. New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 2.6% per year over the past 5 years. Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (US$19.2m market cap). New Risk • Sep 27
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -US$11m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-US$11m free cash flow). Earnings have declined by 2.5% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$1.1m revenue). Market cap is less than US$100m (US$23.8m market cap). Announcement • Aug 26
Aseana Properties Limited Appoints Robert Donald Minty as Director Aseana Properties announced that the Directors have appointed Mr. Robert Donald Minty, as a Jersey based Director, with immediate effect. Mr. Minty is an experienced commercial and finance professional, a qualified chartered accountant and has a CFA Certificate in ESG Investing. Mr. Minty has extensive knowledge of cross-jurisdictional structures in Jersey through his 10 years of industry experience. Reported Earnings • Apr 30
Full year 2022 earnings released: US$0.08 loss per share (vs US$0.019 loss in FY 2021) Full year 2022 results: US$0.08 loss per share (further deteriorated from US$0.019 loss in FY 2021). Net loss: US$15.9m (loss widened 312% from FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has fallen by 30% per year, which means it is significantly lagging earnings. Board Change • Jul 31
High number of new directors Independent Non-Executive Director Tom Holland was the last director to join the board, commencing their role in 2020. Announcement • Jun 24
Aseana Properties Limited Not Approves Re-Election of Christopher Lovell, Director Aseana Properties Limited announced the results of its annual general meeting held on 17 June 2022, at the meeting resolution 2, to re-elect Christopher Lovell, did not pass. Consequently, Christopher Lovell retires as a Director with immediate effect. Announcement • Jun 07
Aseana Properties Limited, Annual General Meeting, Jun 17, 2022 Aseana Properties Limited, Annual General Meeting, Jun 17, 2022, at 09:30 Coordinated Universal Time. Location: 12 Castle Street, St. Helier, Jersey, JE2 3RT, Channel Islands Channel Islands United Kingdom Board Change • Apr 27
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Helen Wong is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • Sep 22
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. Non-Executive Director Helen Wong is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Aug 26
Hoa Lam Corporation signed a binding agreement to acquire City International Hospital and International Healthcare Park in Ho Chi Minh City, Vietnam from Aseana Properties Limited (LSE:ASPL) for $95 million. Hoa Lam Corporation signed a binding agreement to acquire City International Hospital and International Healthcare Park in Ho Chi Minh City, Vietnam from Aseana Properties Limited (LSE:ASPL) for $95 million on August 25, 2021. Under the terms of the agreement, Hoa Lam Corporation will settle all bank debts owed on these two assets. Following these sales Aseana Properties will have no assets in Vietnam and will concentrate on realising its remaining four assets in Malaysia. The transaction is subject to approvals from regulatory authorities as required. Completion of the transaction is expected to take place over the next few months. Darren Vickers of Liberum Capital acted as financial advisor to Aseana Properties Limited. Announcement • Nov 24
Aseana Properties Limited Appoints Tom Holland as an Independent Director Aseana Properties Limited announces that Tom Holland has been appointed as an independent director of the Company with immediate effect. Tom has been based in Asia for 23 years with experience working in leadership positions in a number of financial firms. Prior to founding his current platform, Development Finance Asia, a boutique investment firm, Tom was head of Asia for Cube Capital and a senior investment manager for Income Partners Asset Management. Reported Earnings • Sep 25
First half earnings released Over the last 12 months the company has reported total losses of US$29.5m, with losses widening by 416% from the prior year. Is New 90 Day High Low • Sep 24
New 90-day high: US$0.34 The company is up 3.0% from its price of US$0.33 on 26 June 2020. The British market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Real Estate industry, which is up 2.0% over the same period. Announcement • Jun 17
Aseana Properties Limited to Report Fiscal Year 2019 Results on Jun 30, 2020 Aseana Properties Limited announced that they will report fiscal year 2019 results on Jun 30, 2020 