Aseana Properties NAV Slips To $201.49M Due To $2M ForEx Loss

17th Jun 2010 08:10

LONDON (Dow Jones)--Aseana Properties Ltd. (ASPL.LN), a property developer in Malaysia and Vietnam, said Thursday the net asset value at March 31, slipped to $201.49 million, from $205.07 million at Dec. 31, 2009 mainly due to an unrealized foreign exchange loss of $2.0 million. MAIN FACTS: -Realizable net asset value at March 31, $270.07 million (Dec. 31: $264.60 million); gains attributed to translation gains from its Malaysian subsidiaries. -Market value of all projects in its respective local currency remained unchanged. -Obtained construction license for the first phase of the International Hi-Tech Healthcare Park in Ho Chi Minh City, Vietnam; Piling work started early May. -Shares at 0705 GMT down 0.1 cents, or 0.3%, at 30.33 cents valuing the company at $95.64 million -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires June 17, 2010 03:10 ET (07:10 GMT)