Aseana Properties is engaged in the development of residential and hospitality projects, sale of development land and operation of hotel, mall and hospital in Malaysia and Vietnam. Ireka Development Management Sdn. Bhd. (a wholly-owned subsidiary of Ireka Corporation Berhad), the development manager for Co., is responsible for the day-to-day management of Co.'s property portfolio as well as facilitation of divestment opportunities. As of Dec 31 2016, approximately 80.0% of Co.'s investment portfolio was allocated to projects in Malaysia and approximately 20.0% to projects in Vietnam.
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