– JERSEY, St. Helier –  Aseana Properties Limited (LON: ASPL), a property developer in Malaysia and Vietnam listed on the Main Market of the London Stock Exchange, today announced the appointments of Monica Lai and Nicholas Paris as directors of the Company, with effect from 7 September 2019. The Company also announces the resignations of Richard Michael Boleat and Ferheen Mahomed as directors of the Company with effect from 5 and 7 of September 2019 respectively.

Each of Ireka Corporation Berhad and LIM Advisors Limited is a substantial shareholder of the Company and as such Monica Lai and Nicholas Paris have been appointed as non-independent, non-executive directors.

About Monica Lai

Monica, 53, is the Group Deputy Managing Director of Ireka Corporation Berhad, listed on the Main Board of Bursa Malaysia. Graduated from City University, London, the United Kingdom with a Bachelor of Science “Hons” Degree in Accountancy and Economics, Monica worked for EY London and KPMG Hong Kong before joining Ireka in 1993. Her professional qualifications include The Institute of Chartered Accountants England & Wales, The Malaysian Institute of Accountants and the Malaysian Institute of Taxation.

About Nicholas Paris

Nicholas John Paris, 59, is a director and portfolio manager for LIM Advisors Limited, an Asian-focused investment management firm, headquartered in Hong Kong. Based in London, he specialises in investing in closed-ended investment funds. He graduated from Newcastle University with a Bachelor of Science “Hons” Degree in Agricultural Economics. He is a fellow of the Institute of Chartered Accountants England & Wales and a Chartered Alternative Investment Analyst. He worked with Rothschild Asset Management from 1986 until 1994, launching specialist investment products before becoming a corporate adviser and broker in closed-ended investment funds with a particular focus on those investing in emerging markets. In this role, between 1994 and 2001 he worked at Baring Securities, Peregrine Securities and then Credit Lyonnais Asia Securities. Nick then joined the hedge fund industry in a series of sales roles before founding Purbeck Advisers in 2006, which is his own advisory and sales business. He has been advising LIM on investing in Asian closed-end funds for ten years and is a director of their London-based investment management subsidiary.

Nick is currently a non-executive director of Myanmar Investments International Limited and RDL Realisation PLC and he has previously been a non-executive director of Aseana, Global Resources Investment Trust plc, The India IT Fund Limited and TAU Capital plc.

The Board would like to take this opportunity to express its gratitude to Ferheen and Richard for their contribution to the Company during their tenures as directors.

For more information: http://www.aseanaproperties.com

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