Asian Growth Properties Limited Director/PDMR Shareholding (1511W)
November 04 2014 - 12:00PM
UK Regulatory
TIDMAGP
RNS Number : 1511W
Asian Growth Properties Limited
04 November 2014
4 November 2014
ASIAN GROWTH PROPERTIES LIMITED
Disclosure of Director's Deemed Shareholding Interests
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 the following
executive director of the Company reporting his deemed interests in
the ordinary shares of US$0.05 each in the Company (the "Shares")
is as follows:
(1) S E A Holdings Limited ("SEA") is beneficially entitled to
about 97.17% of the existing issued share capital of the Company.
SEA has changed its issued share capital as a result of the
cancellation of the repurchased SEA Shares in October 2014.
(2) Nan Luen International Limited ("NLI") is interested in
59.75% of the issued share capital of SEA.
(3) JCS Limited ("JCS") is interested in 63.58% of the issued share capital of NLI.
(4) On 31 October 2014, Mr. Lambert Lu, an executive director of
the Company, has acquired 1,190,000 SEA Shares (the
"Acquisition").
(5) Immediately after the Acquisition, Mr. Lambert Lu is deemed
to have an indirect beneficial shareholding interest in 102,454,287
Shares, representing approximately 11.56% of the existing issued
share capital of the Company, by virtue of his following
interests:
(i) 2% direct shareholding interest in SEA;
(ii) 3.21% direct shareholding interest in NLI; and
(iii) 21% direct shareholding interest in JCS.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties Limited
Richard Gray Tel: +44 207 886 2500
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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