LONDON, 27 August, 2010 – Panmure Gordon & Co. is pleased to announce its appointment as financial adviser and broker to Aseana Properties Limited (LSE: ASPL) with immediate effect.
Aseana Properties Limited is a leading property developer, investing in Malaysia and Vietnam.
Aseana typically invests in development projects at pre-construction stage. Investment is made in projects where it is believed there will be a minimum 30% annualised return on equity ("ROE") on investments in Vietnam and a minimum 20% ROE on investments in Malaysia.
Tim Linacre, chief executive of Panmure Gordon, commented: “Group-wide, Panmure Gordon and ThinkEquity are increasingly active in the Asia Pacific (APAC) region where we are working to extend both our reach and brand awareness. Aseana Properties is an outstanding addition to our APAC-focused client list and we are delighted to welcome the company as a corporate client.”