Aseana Properties Ltd - Malaysia-focused property developer - Receives letter from shareholders LIM Asia Multi-Strategy Fund Inc and LIM Asia Special Situations Master Fund Inc calling on Aseana to convene a general meeting. The shareholders propose Aseana adds Dato Dr Thong Kok Cheong and Clare Mariam Binti Muhiudeen be as directors.

‘A further announcement will be made by the company relating to the calling of a general meeting and the posting of a notice of general meeting and an accompanying circular to shareholders. In the meantime, shareholders are advised to take no action at this stage,’ Aseana says.

LIM Asia Multi-Strategy Fund owns 16.5 million Aseana shares, around a 10% stake. LIM Asia Special Situations Master Fund owns 9.6 million shares, around 6.0%.

Current stock price: $0.12

12-month change: up 4.3%

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