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Asian Growth Props (AGP)

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Thursday 11 September, 2008

Asian Growth Props

Directorate Change

RNS Number : 2535D
Asian Growth Properties Limited
11 September 2008
 




11th September, 2008


ASIAN GROWTH PROPERTIES LIMITED


Appointment of Executive Director


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, is pleased to announce that Mr. Lambert Lu ('Mr. Lu'has been appointed an Executive Director of the Company with effect from 11th September, 2008.


Mr. Lu, aged 32, joined the S E A Holdings Limited ('SEA') group in 1999 and was appointed an Executive Director of SEA in 2003.  He is in charge of financial activities as well as corporate finance and investment matters of the SEA Group. He is a member of the Executive Committee of SEA and also holds a number of directorships in SEA's Hong Kong and overseas subsidiaries.  SEA holds through its subsidiaries about 97.17% of the issued shares of the Company and the shares and warrants of SEA are listed and traded on The Stock Exchange of Hong Kong Limited.  


Mr. Lu gained his Bachelor's degree in Statistics and Economics from the University of British Columbia in Canada.  


Mr. Lu does not have any shareholding interest in the Company and is presently a director of the following companies in addition to SEA:-


Name of Companies


Place of Incorporation

AGP (Diamond Hill) Limited*


Hong Kong ('HK')

AGP (Sha Tin) Limited*


HK

AGP (Wanchai) Limited*


HK

AGP Hong Kong Limited*


HK

AGP Shop Limited*


British Virgin Islands ('BVI')

Alimotion Investments Limited*


BVI

Asian Growth Properties Limited*


Bermuda

Athena Technologies Inc.


BVI

Benefit Strong Group Limited*    


BVI

Bombetta Investment Limited


BVI

Cheer Champ Investment Limited*


BVI

Cheer Fast Group Limited*


BVI

Cheer Motion Development Limited*


HK

Chengdu Huashang House Development Co., Ltd.*    


Mainland China ('PRC')

China Brilliant Management Limited*


BVI

Concord Way Limited*


HK

Dynamic Basic Holdings Limited


BVI

Earn Rise Development Limited*


BVI

Ego Chain Holdings Limited*


HK

Elite State International Limited*


BVI

Eternal Benefit Trading Limited*


BVI

Ever Reality Limited*    


BVI

Fancy Luck Enterprises Limited*


BVI

Giant Well Enterprises Limited*


BVI

Global Richland Enterprises Limited*


BVI

Global Success Holdings Inc.*


BVI

Goland Development Limited*


HK

Gold Ascot Limited*


HK

Grace Art Development Limited*


HK

Grace State International Limited*    


BVI

Guangzhou Yingchang Real Estate Consultancy Limited*


PRC

Guangzhou Yinggao Real Estate Consultancy Limited*


PRC

Guangzhou Yinghao Real Estate Consultancy Limited 

(In Liquidation)*


PRC

Harbour Gain Development Limited*


BVI

Harbour Green Holdings Limited


BVI

Healthy Time International Limited*


BVI

Honour Base Investment Limited*    


BVI

Honour In Investments Limited*


HK

Huangshang Fengdan Bailu Investment Limited*    


PRC

JCS Limited


Bermuda

Leighton Road Hotel Management Services Limited*


HK

Light Glory Holdings Limited*


BVI

Linkpower Worldwide Inc.*


BVI

Manswin Holdings Limited*


HK

Master Step Holdings Limited


BVI

Maxi Wealth Investments Limited


HK

Nan Luen International Limited


Bermuda

Newsland Properties Limited*


BVI

Newslink Properties Limited*


BVI

Norton Networks Assets Inc.*


BVI

Oriental Fame Holdings Limited*


BVI

Perfect Records Investment Limited*


BVI

Prime Sign Limited*


HK

Rex Capital Development Limited*


BVI

Rich Motion Development Limited*


HK

SEA Nominees Limited


BVI

SEA Real Estate Agency Limited


HK

SEA Secretarial Limited    


BVI

Sharp Talent Trading Limited


HK

Shine Concord Investments Limited*


HK

Sky Trend Investments Limited*


HK

Speed Vantage Enterprises Limited*


BVI

Star Advance Development Limited*


HK

Star Oasis Investments Limited*


HK

Starcord Holdings Limited*


HK

Starlet Development Limited*


HK

Sunfold Development Limited*


HK

Sunny Net Development Limited*    


HK

Tapro Investments B.V.


Netherlands

Tapro Investments N.V.    


Netherlands Antilles

Timely View Holdings Limited*


BVI

Top Label Development Limited*    


HK

Top Sound Holdings Limited*


HK

Universe Point Limited*    


BVI

Vast Power Development Limited*


BVI

Wide Launch Limited*


BVI

Zhangjiang Yingjian House Property Development 

Co., Ltd.*


PRC




* A subsidiary of the Company



 

In addition, Mr. Lu was a director of each of the companies named below during the five years immediately prior to his appointment as an Executive Director of the Company:-


Name of Companies


Place of Incorporation

Bright Concord Holdings Limited


HK

DFreedomZone Inc.


United States of America

e-commerce Logistics Limited


HK

King Label Development Limited


BVI

Peak Joy Development Limited#


BVI

Wealth Zipper (Shanghai) Property Development Co., Ltd.


PRC




  

Dissolved on 1st December, 2003, without any loss to creditors


#  

Dissolved on 3rd August, 2007, without any loss to creditors



Saved as disclosed above, there are no other matters which are required to be disclosed with regard to Mr. Lu's appointment under paragraph (g) of Schedule Two to the AIM Rules for Companies of London Stock Exchange plc.



For more information, please contact:




Lu Wing Chi  

Executive Director

Asian Growth Properties Limited


Tel: +852 2828 6363




Richard Gray  

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)


Tel: +44 207 459 3600








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