Aspen Group buys 29-acre freehold land in Penang for RM165m
KUALA LUMPUR (June 25): Aspen (Group) Holdings Ltd (Aspen Group) is acquiring seven parcels of freehold land measuring 29.
Seberang Perai's attracting the young
Seberang Perai on Penang mainland has gained the interest of property investors and homebuyers in recent years, made evident by the strong housing price growth recorded over the past six years.
Aloft Hotel appointed to operate in Aspen Vision City in Penang
KUALA LUMPUR (Nov 22): The joint venture (JV) between Aspen Group and IKEA Southeast Asia has signed a memorandum of understanding (MoU) with Marriott International, appointing Aloft Hotel as the hotel operator in the planned development of Aspen Vision City in Batu Kawan, Penang.
Progress of Vision City project well on track, says Aspen
KUALA LUMPUR (Oct 23): Aspen (Group) Holdings Ltd said the progress of its flagship Aspen Vision City project in Bandar Cassia in Batu Kawan, Penang is well on track with the first development, Vervea shop office, set to obtain the certificate of completion and compliance by December.
Aspen associate GVL buys 71-acre Shah Alam land for proposed logistics, e-commerce hub
KUALA LUMPUR (June 13): Aspen Group Holdings Ltd, via its 30%-associate company Global Vision Logistics Sdn Bhd (GVL), has acquired 71 acres of leasehold industrial land in Section 16, Shah Alam, Selangor from Chemical Company of Malaysia Bhd for RM190 million.
Aspen to secure RM44m via convertible loan
KUALA LUMPUR (May 22): Aspen Group Holdings Ltd is planning to raise RM44 million via a convertible loan agreement to finance its investments in associate company Global Vision Logistics Sdn Bhd in Shah Alam, the construction of the central park located in Aspen Vision City, investment in associate company Bandar Cassia Properties (SC) Sdn Bhd, its other development projects and for working capital.
Aspen sees 2.5 times jump in 1Q profit, driven by progress of ongoing projects
KUALA LUMPUR: Singapore-listed Aspen (Group) Holdings Ltd's net profit grew about 2.
Aspen and Singapore’s Oxley in strategic partnership via share placement
PETALING JAYA (April 30): Singapore-listed property developer Aspen (Group) Holdings Ltd has entered into a placement agreement with Oxley Holdings Ltd, a Singaporean property developer, to raise about RM69 million in gross proceeds for the acquisition of landbank, future developments and working capital.
Aspen sees continued top-line growth in 2018 after FY17’s record earnings
KUALA LUMPUR (March 6): Singapore-listed property developer Aspen (Group) Holdings Ltd, which is based in Malaysia, is confident it will continue to see top-line growth in the financial year ending Dec 31, 2018 (FY18), after posting strong numbers in FY17.
Report: Aspen could ride on Penang growth opportunities
PETALING JAYA (Feb 1): Phillip Capital says Aspen (Group) Holdings’ Aspen Vision City (AVC) in Penang could benefit from the creation of communities and opportunities, The Edge Singapore reported today.
