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Asian Growth Props (AGP)

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Thursday 12 November, 2009

Asian Growth Props

Director/PDMR Shareholding

RNS Number : 4013C
Asian Growth Properties Limited
12 November 2009
 



12th November, 2009


ASIAN GROWTH PROPERTIES LIMITED


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 
         2
58,619,275 Shares which represent about 29.18% 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 9th November, 2009;

 

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

 

(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 9th November, 2009, NLI had a 
         diluted 
interest of 59.17in the issued share capital of SEA as a result of the issue by SEA of new SEA 
         shares to certain option holders who had exercised their subscription rights
.  On 9th November, 2009
         NLI 
purchased additional SEA shares and immediately thereafter increased its shareholding in SEA 
         to 
about 59.19%.  As a result, Mr. Lu is deemed to have increased his 
         beneficial 
shareholding interest to 258,619,275 Shares (representing approximately 29.18% 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
 
END
 
 
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