29 Mar

Ascott Clinches Two Prestigious Best Service Awards in Vietnam

The Ascott Group won the Best Annual Report Award for mainboard companies as well as the Best Operating and Financial Review Award at the 30th Singapore Annual Report Award competition last night (Thursday Mar 11).

The event at the Meritus Mandarin Hotel was jointly organised by the Institute of Certified Public Accountants of Singapore, Singapore Exchange, Singapore Institute of Management, Singapore Institute of Directors, Business Times, Securities Investors Association (Singapore) and Investment Management Association of Singapore.

The annual competition recognises high standards in the disclosure and presentation of annual reports. Companies are evaluated on the quality of information provided on their financial position, operations, corporate structure, investor relations, information technology and social responsibilities. They are also judged on the attractiveness and clarity of information presented.

Ascott triumphed over 400 companies listed on the mainboard of the Singapore Exchange to clinch the top two prizes.

Mr Eugene Lai, Ascott’s chief executive officer, said: “We are delighted to receive the awards, which recognise our efforts to achieve exceptional standards in financial reporting and investor relations.

“We are committed to fulfilling our duties to our shareholders, which include communicating our company’s performance and strategies with transparency, and presenting them in a meaningful and user-friendly way.”

Mr Lai added that the annual report is one of the key tools in Ascott’s investor relations programme. The company communicates with the investment community and public frequently and consistently, and through multiple channels to ensure investors can easily access information on the group.

These include issuing frequent news releases and announcements, newsletters and brochures, maintaining an award winning website, organising brand activation events such as product launches, and holding meetings with the investment community.

The Ascott Group is a leading international serviced residence company with over 13,800 serviced residence units in 39 cities in 16 countries in Europe and Asia Pacific. Ascott is the serviced residence arm of CapitaLand Limited, one of Asia’s largest listed property companies.

Last year, Ascott’s 2001 annual report was first runner-up for the 29th Best Annual Report award. Ascott’s 2000 and 1999 annual reports received merit awards in previous years.



The Ascott Group is a leading international serviced residence company with serviced residence units spanning the key cities of Europe, Asia, Australia and New Zealand.

Ascott's global presence comprises over 13,800 serviced residence units across 39 cities in 16 countries. These cities include London, Paris, Brussels, Berlin and Barcelona in Europe; Singapore, Bangkok, Ho Chi Minh City, Kuala Lumpur, Tokyo, Shanghai and Beijing in Asia; Sydney, Melbourne and Auckland in Australia and New Zealand; and Dubai in the Gulf region.

Headquartered in Singapore, The Ascott Group pioneered the Asia Pacific’s first branded luxury serviced residence in 1984. Today, it boasts a 20-year industry track record and serviced residence brands that enjoy strong recognition worldwide.

The Group’s flagship The Ascott luxury serviced residence brand projects an elegant lifestyle appealing to top executives. Its Somerset upper-tier brand offers stylish, contemporary living for senior to upper management executives. The mid-tier Oakford brand in Australia and Citadines brand in Europe provide corporate executives with comfortable city residences.

Listed on the mainboard of the Singapore Exchange, the Group is the serviced residence arm of CapitaLand Limited, one of the largest listed property companies in Asia.

Headquartered in Singapore, CapitaLand’s core businesses in property, hospitality, property services and real estate financial services are focused in gateway cities in Asia, Australia and Europe. The company's hospitality businesses in hotels and serviced residences span more than 60 cities around the world. CapitaLand also leverages on its significant real estate asset base and market knowledge to develop fee-based products and services in Singapore and the region.

For reservations on Ascott properties, call Central Reservations on (65) 6272-7272 or visit the Group’s website at www.the-ascott.com.

Ida Lim, VP, Investor Relations & Corporate Communications
Tel: (65) 6586 7230 Hp: (65) 9628 8339 Email: ida.lim@the-ascott.com

Betsy Tan, Executive
Tel: (65) 6586 7234 Hp: (65) 9641 6920 Email: betsy.tan@the-ascott.com