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Asian Growth Props (AGP)

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Wednesday 25 June, 2008

Asian Growth Props

Director/PDMR Shareholding

RNS Number : 5471X
Asian Growth Properties Limited
25 June 2008
 




25th June, 2008


ASIAN GROWTH PROPERTIES LIMITED


Change oNature of a Director's Deemed Shareholding Interest


The board of directors of Asian Growth Properties Limited (the 'Company') (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that the Company received notification of the change of the nature of deemed interest of Mr. Lu Wing Chi ('Mr. Lu'), an executive director of the Company, in the ordinary shares of US$0.05 each in the Company ('Shares') today as follows:

 

(1)       (a)          Immediately before 19th June, 2008Mr. Lu was deemed interested in the Shares by    virtue of (i)
                          his 6.52% direct shareholding interest in JCS Limited ('JCS'), (ii) him being a discretionary 
                          beneficiary of a discretionary trust 
(the 'Discretionary Trust'which owns 26.09% of the issued 
                          shares 
in JCS, and (iii) his 30% direct shareholding interest in Nan Luen International Limited 
                          (
'NLI');  

 

             (b)        JCS has 63.58% interest in the issued shares in NLI which holds about 55.76% of the issued 
                          shares in S E A Holdings Limited (
'SEA'); and

            (c)         SEA holds about 97.17% of the issued shares in the Company; 

 

(2)        On 19th June, 2008, a restructuring exercise was completed to the effect that the 26.09% interests in 
             the 
Discretionary Trust have been transferred to a company wholly-owned by Mr. Lu; and

 

(3)        Save as disclosed in (2) abovethere habeen no change to Mr. Lu's deemed shareholding interest 
             in 
the Company (i.e. 243,632,171 Shares representing about 27.49% of the issued share capital of the 
            Company) since his last notification on 6
th May, 2008.



For more information, please contact:


Lu Wing Chi Tel: +852 2828 6363

Executive Director

Asian Growth Properties Limited


Richard Gray Tel: +44 207 459 3600

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)



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