Asian Growth Properties Limited Director/PDMR Shareholding (6350G)
November 23 2015 - 8:05AM
UK Regulatory
TIDMAGP
RNS Number : 6350G
Asian Growth Properties Limited
23 November 2015
23 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.
II. On 20 November 2015, Nan Luen International Limited ("NLI")
disposed of 20,000,000 SEA Shares (the "Disposal").
III. After the Disposal, NLI has a direct shareholding interest
of 59.57% of the issued share capital of SEA. NLI is also
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 64.85% 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 20 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
355,962,245 Shares, representing approximately 40.16% of the
existing issued share capital of the Company, by virtue of his
following interests:
(i) 1.36% 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 123,907,882
Shares, representing approximately 13.98% 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 126,147,207
Shares, representing approximately 14.23% 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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