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Asian Growth Props (AGP)

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Thursday 26 June, 2008

Asian Growth Props

Directorate Change

RNS Number : 6066X
Asian Growth Properties Limited
26 June 2008

26th June, 2008


Resignation of an Executive Director

The board of directors (the 'Board'of Asian Growth Properties Limited (the 'Company') (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces that:


(1)   Mr. Chan Ka Wing (“Mr. Chan”) has tendered his resignation as an Executive Director of the Company with effect from 26th June, 2008;
(2)   the functions of the Company’s chief financial officer previously performed by Mr. Chan will be carried out by South-East Asia Investment and Agency Company, Limited (“SEAI”) which has been providing corporate and property management services to the Company and its subsidiaries pursuant to the terms of the management agreement dated 18th September, 2006 and entered into by the Company and SEAI; and
(3)   SEAI is a direct wholly-owned subsidiary of S E A Holdings Limited which is an intermediate holding company of the Company.


The Board expresses its gratitude to Mr. Chan for his contribution to the Company during his term of service.

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