• Aspen agreed to sell its 40% stake in Tanjung Bungah Development to Kerjaya Prospek Ventures, exiting the Penang joint venture.
• Deal terms include repayment of a shareholder loan of RM 60.03 million to Aspen’s unit Aspen Vision Tanjung.
• Equity consideration is RM 80 in cash, reflecting the carrying value of the investment; the venture is described as dormant.
• The joint venture’s only asset is freehold land in Tanjong Bungah valued at RM 120 million in an Aug. 8, 2025 valuation.
• Proceeds are earmarked for working capital, including funding existing projects and the group’s development pipeline.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aspen (Group) Holdings Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: E1ZTMMMUT60NDAOF) on June 19, 2026, and is solely responsible for the information contained therein.