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Asian Growth Props (AGP)

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Thursday 05 October, 2006

Asian Growth Props

Completion of Acquisition

Asian Growth Properties Limited
05 October 2006


Asian Growth Properties Limited
5 October 2006

This announcement is not for release, publication or distribution in or into 
Australia, Canada, Hong Kong, Japan, The Republic of Ireland, South Africa or 
the United States of America.


                        ASIAN GROWTH PROPERTIES LIMITED

COMPLETION OF ACQUISITION OF PROPERTY PORTFOLIO IN HONG KONG AND CHINA

Further to the announcement on 4 October 2006, the Board of Asian Growth 
Properties Limited (AIM stock code: AGP)(the 'Company'), the Hong Kong based 
property development and investment company, announces that the Company has 
completed the acquisition of the Target Group and its portfolio of six 
properties in Hong Kong and China and the issue of the Consideration Shares 
today.

ENQUIRIES

Don Fletcher
Tel: +61 (0) 414693968
Asian Growth Properties Limited

David Mathewson
Tel: +44 (0) 7730 074777
Asian Growth Properties Limited

Richard Gray
Andrew Potts
Tel: +44 (0) 20 7459 3600
Panmure Gordon (Broking) Limited

Abigail Singleton
Leesa Peters
Tel: +44 (0) 20 7429 6666
Conduit PR
abigail@conduitpr.com / leesa@conduitpr.com

Capitalised terms used in this announcement shall, unless defined above or the 
context otherwise requires, have the meaning given to them in the Admission 
Document dated 19 September 2006.



                      This information is provided by RNS
            The company news service from the London Stock Exchange