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Asian Growth Props (AGP)

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Tuesday 19 January, 2010

Asian Growth Props

Director/PDMR Shareholding

RNS Number : 7678F
Asian Growth Properties Limited
19 January 2010
 



19th January, 2010


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:


  • Mr. Lu and the persons connected with him are presently deemed to be beneficially interested in 258,794,105 Shares which represent about 29.20% of the existing issued share capital of the Company as a result of Nan Luen International Limited ("NLI"increasing its shareholding interest in S E A Holdings Limited ("SEA") on 15th January, 2010;

   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 15th January, 2010, NLI had a 
        diluted 
interest of 59.13in 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 15th January, 2010, 
        NLI 
purchased additional SEA shares and immediately thereafter increased its shareholding in SEA 
        to 
about 59.23%.  As a result, Mr. Lu is deemed to have increased his 
        beneficial 
shareholding interest to 258,794,105 Shares (representing approximately 29.20% 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
 
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