Aseana Properties appoints Richard Boleat to its Board as Non-Executive Director

– JERSEY, St. Helier –  Aseana Properties Limited (LON: ASPL), a property developer in Malaysia and Vietnam today announced the appointment of Richard Boleat as a non-executive Director with immediate effect.

About Richard Boleat

Richard qualified as a Chartered Accountant with Coopers & Lybrand in the United Kingdom in 1987 and subsequently worked in the Middle East, Africa and the United Kingdom prior to returning to Jersey in the early 1990s. From 1996 he was a Principal of Channel House, a Jersey-based financial services group, which was acquired by Capita Group plc in September 2005 and he led their financial services client practice in Jersey until September 2007, prior to co-founding Governance Partners LP, an independent governance practice.

He currently acts as a non-executive director of a number of substantial collective investment and investment management private entities and is active in a number of asset classes including global macro, leveraged corporate credit and EM real estate.

Richard currently acts as the Chairman of CVC Credit Partners European Opportunities Fund, SME Credit Realisation Fund Limited and Yatra Capital Limited, as well as being a Director of M&G Credit Income Investment Trust plc.

He is personally regulated by the Jersey Financial Services Commission in the conduct of financial services business and is a member of the Alternative Investment Management Association, the International Corporate Governance Network and the European Corporate Governance Institute.

About Aseana Properties

Aseana Properties Limited is a property developer investing in Malaysia and Vietnam.

Ireka Development Management Sdn Bhd is the exclusive Development Manager for Aseana. It is a wholly‐owned subsidiary of Ireka Corporation Berhad, a company listed on the Bursa Malaysia since 1993, which has over 52 years of experience in construction and property development. IDM is responsible for the day‐to‐day management of Aseana’s property portfolio and the divestment of existing properties.

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