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Aseana Properties ( (GB:ASPL) ) just unveiled an announcement.
Aseana Properties has secured a new financing facility of up to RM45.2 million from AmBank to refinance its defaulted Silver Sparrow Bhd Medium Term Notes. This move is expected to settle outstanding debts, reopen the Sandakan Hotel, and improve the company’s financial position by reducing interest rates and extending repayment terms, thereby regaining control of its assets.
More about Aseana Properties
Aseana Properties Limited is a property developer based in Malaysia and listed on the main market of the London Stock Exchange. The company focuses on real estate development, with notable assets including the Sandakan Hotel and Sandakan Harbour Mall.
Average Trading Volume: 119,231
Technical Sentiment Signal: Sell
Current Market Cap: $19.31M
For an in-depth examination of ASPL stock, go to TipRanks’ Overview page.