Intel stock spikes after report of possible US government stake
LONDON - Aseana Properties Limited (LSE:ASPL), a Malaysian property developer, has announced a delay in the publication of its annual report and accounts for the fiscal year ended December 31, 2024. The company was unable to meet the April 30, 2025, deadline for the release of its FY24 financial results, as required under the Disclosure and Transparency Rules (DTR) 4.1.3R.
The delay stems from challenges the company faced in gathering necessary information for its auditors, attributed to the lack of a proper handover from previous board and management teams. This has led to difficulties in finalizing the accounts and verifying cash and loan balances, resulting in insufficient time for the audit to be completed before the deadline.
As a consequence, Aseana has applied for and been granted a temporary suspension of its ordinary shares on the London Stock Exchange (LON:LSEG), effective from 7:30 a.m. on May 1, 2025. The suspension will remain in place until the company can publish its FY24 Accounts, which it anticipates will occur during May 2025.
The company’s shares will remain suspended from trading on the Official List of the Financial Conduct Authority (FCA) until the accounts are published. Aseana plans to request the restoration of its listing following the release of the FY24 Accounts and has committed to providing further updates in due course.
This news is based on a press release statement from Aseana Properties Limited.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.