TIDMAGP

RNS Number : 6447C

Asian Growth Properties Limited

29 June 2016

29 June 2016

ASIAN GROWTH PROPERTIES LIMITED

Disclosure of 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 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 during the period up to 29 June 2016.

II. On 21 June 2016, Admiralty Pacific Limited and Wetherby International Limited, the wholly-owned subsidiaries of Nan Luen International Limited ("NLI"), transferred their entire of 35,459,535 SEA shares to NLI.

III. On 21 June 2016, Mr. Lambert Lu (executive director of the Company) transferred 1,000,000 SEA shares to NLI.

IV. Immediately after the acquisition of SEA shares as mentioned above, NLI has a direct shareholding interest of 65.07% of the issued share capital of SEA.

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

VI. NYH Limited ("NYH"), a company 100% owned by Mr. Lu Wing Chi (executive director of the Company), has direct shareholding interest of 0.609% interest in SEA. Mr. Lu Wing Chi is deemed to be interested in 0.609% interest in SEA by virtue of his 100% interest in NYH.

Immediately after the aforesaid events, the respective deemed interests in the Shares of the following directors of the Company as at 29 June 2016 be as follows:

1. Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 361,741,426 Shares, representing approximately 40.81% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)      1.60% 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 132,275,206 Shares, representing approximately 14.92% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        2.72% 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 131,241,672 Shares, representing approximately 14.81% of the existing issued share capital of the Company, by virtue of his following interests:

   (i)        2.60% 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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