Aseana Properties (GB:ASPL) has released an update.
Aseana Properties is navigating a financial challenge as its subsidiary, Silver Sparrow, faces a demand for payment on a RM 61 million medium-term note plus interest. The company is set to engage a legal and financial team to explore restructuring options after the default was passed to a recovery team by the guaranteeing banks. This move highlights Aseana’s proactive approach to managing its financial obligations.
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