TIDMAGP

RNS Number : 9960E

Asian Growth Properties Limited

09 November 2015

9 November 2015

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of the Directors' 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 notifications from the following executive directors of the Company reporting their respective deemed interests in the ordinary shares of US$0.05 each in the Company (the "Shares") as follows:

I. 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 issue of new SEA shares to option holders who had exercised their subscription rights and the cancellation of repurchased SEA shares during the period up to 5 November 2015.

II. Nan Luen International Limited ("NLI") acquired additional 835,000 SEA shares on 5 November 2015.

III. NLI has a direct shareholding interest of 62.55% of the issued share capital of SEA and is interested in 100% of the issued share capital in two companies which in turn are interested in a total of 5.28% of the issued share capital of SEA. Thus, NLI is deemed to have a total shareholding interest of 67.83% in the issued share capital of SEA after the aforesaid events.

   IV.    JCS Limited ("JCS") has a direct interest of 63.58% in the issued share capital of NLI.

V. NYH Limited ("NYH") is interested in 25% of the issued share capital in each of two companies which in turn are interested in a total of 1.23% of the issued share capital of SEA.

Immediately after the aforesaid events, the respective deemed interests in the Shares of the following directors of the Company as at 5 November 2015 are as follows:

(1) Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 375,492,604 Shares, representing approximately 42.36% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)      1.81% direct shareholding interest in SEA; 
   (ii)      30% direct shareholding interest in NLI; 
   (iii)     49% direct shareholding interest in JCS; and 
   (iv)     100% direct shareholding interest in NYH.

(2) Mr. Lincoln Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 128,880,045 Shares, representing approximately 14.54% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        1.79% direct shareholding interest in SEA; 
   (ii)       3.21% direct shareholding interest in NLI; and 
   (iii)      25.5% direct shareholding interest in JCS.

(3) Mr. Lambert Lu, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 131,119,370 Shares, representing approximately 14.79% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        2.05% direct shareholding interest in SEA; 
   (ii)       3.21% direct shareholding interest in NLI; and 
   (iii)       25.5% 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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