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Groundbreaking Ceremony to launch Vietnam’s Integrated, World-Class Healthcare Park

14th October 2008

Aseana Properties Limited (LSE: ASPL), a leading Asian property developer on the Official List of the London Stock Exchange, today announces a Groundbreaking Ceremony to launch the development of the International Hi-Tech Healthcare Park (“the Healthcare Park”) in the Binh Tan District of Ho Chi Minh City, Vietnam. Aseana has a 51% stake in Hoa Lam-Shangri-La Healthcare Limited Liability Company (“Hoa Lam-Shangri-La”), the company undertaking the development of the Healthcare Park.* Ireka Development Management Sdn Bhd (a wholly-owned subsidiary of Malaysia-listed Ireka Corporation Berhad) has been appointed by the Board of Aseana, to act as the Development Manager responsible for the planning, developing and marketing activities of the Healthcare Park.

The ‘Medical City’ will have private tertiary care and teaching hospitals, research centres, medical institutes, commercial and retail components as well as supporting service residences and other community facilities within a land area of 37.54 hectares (approximately 93 acres or 375,000 sq m).

*This 51% acquisition in the development of the Park was previously announced via RNS on 27 August 2008.
Dato’ Mohammed Azlan bin Hashim, Chairman of Aseana Properties Limited said:
“We are pleased to jointly develop the International Hi-Tech Healthcare Park together with Hoa Lam-Shangri-La. The Healthcare Park stems from the vision of our local partner, Madam Tran Thi Lam of Hoa Lam Group as well as the foresight of the respectable leaders of Ho Chi Minh City’s People Committee. This integrated Healthcare Park will not only meet the acute shortage of quality and world-class medical facilities, but will also further encourage the development of medical professionals within Vietnam. This development is truly a landmark venture as it not just an achievement for all the business partners, but a major milestone in the healthcare industry for Vietnam.”

At the groundbreaking ceremony of the International Hi-Tech Healthcare Park, Chairman of Hoa Lam-Shangri-La Healthcare Limited Liability Company, Madam Tran Thi Lam said:
“I’m delighted to note that with the support from the Government of Vietnam, together with several foreign investment partners, we have come together to make the vision of an International Hi-Tech Healthcare Park in Ho Chi Minh City a reality. Indeed, this mutually-beneficial partnership will not only attract local and foreign investments, but will serve both the healthcare needs of the expatriate community working in Vietnam and also the nearly 85 million population of Vietnam as well as the region. Healthcare is definitely top of the agenda for Vietnam, as one of the world’s fastest growing economies.”

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Article Information

Title: Groundbreaking Ceremony to launch Vietnamâs Integrated, World-Class Healthcare Park
Author: Martine Hamilton
Article Id: 8791
Date Added: 14th Oct 2008

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