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Asian Growth Props (AGP)

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Friday 16 October, 2009

Asian Growth Props

Director/PDMR Shareholding

RNS Number : 9103A
Asian Growth Properties Limited
16 October 2009

16th October, 2009


Change oa 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 has today received notification from Mr. Lu Wing Chi ("Mr. Lu"), an executive director of the Company of the change of his deemed interest in the ordinary shares of US$0.05 each in the Company ("Shares"as follows:

(1)  Mr. Lu and 
the persons connected with him are presently deemed to be beneficially interested in 
58,575,353 Shares which represent about 29.17% of the existing issued share capital of the Company a
       a result of 
Nan Luen International Limited ("NLI"increasing its shareholding interest in S E A Holdings 
       Limited (
"SEA") on 13th October, 2009;

(2)   SEA
 is beneficially entitled to, in aggregate, about 97.17% of the existing issued share capital of the 

(3)   Mr. Lu is deemed interested in the Shares by virtue of (i) his 
32.61% direct shareholding interest in JCS 
       Limited (
"JCS"), and (ii) his 30% direct shareholding interest in NLI. JCS is interested in 63.58% of the 
       issued shares 
in NLI; and 

(4)  Immediately before 
its purchase of further shares in SEA on 13th October, 2009, NLI had a 
interest of 59.06in the issued share capital of SEA as a result of the issue by SEA on several 
      occasions of new SEA shares to certain option holders who had exercised their subscription 
.  On 13th October, 2009, NLI purchased additional SEA shares and immediately thereafter increased 
      its shareholding in SEA to 
about 59.18%.  As a result, Mr. Lu is deemed to have increased his 
shareholding interest to 258,575,353 Shares (representing approximately 29.17% of the issued 
      share capital of the Company)

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