Asian Growth Properties Limited Further re Proposed Disposal of Assets (2062C)
April 11 2017 - 6:41AM
UK Regulatory
TIDMAGP
RNS Number : 2062C
Asian Growth Properties Limited
11 April 2017
11 April 2017
Asian Growth Properties Limited
(An Exempted Company Registered in Bermuda with Limited
Liability with Registered No. 52097)
(Stock Code: AGP)
("AGP" or the "Company")
ANNOUNCEMENT RE S E A HOLDINGS LIMITED
AGP notes the following announcement released by S E A Holdings
Limited ("SEA")" on 10 April 2017 as set out below.
......................................................................................................................
ANNOUNCEMENT OF
DELAY IN DESPATCH OF CIRCULAR
Reference is made to the joint announcement made by the Company
and Nan Luen International Limited dated 31 March 2017 (the
"Announcement") in relation to, among other things, the
Distribution in Specie, the Share Exchange Offer and the Special
Cash Dividend. Unless otherwise stated, capitalised terms used
herein shall have the same meaning as those defined in the
Announcement.
As disclosed in the Announcement, a circular containing, among
other things, a letter from the Board setting out further
information on the Distribution in Specie and the Special Cash
Dividend, a letter from the independent financial adviser to the
Independent Shareholders, together with the notice of SGM, was
expected to be despatched by the Company to the Shareholders for
information purposes on or before 10 April 2017. As additional time
is required to prepare and finalise the contents of the circular
and letter of advice from the independent financial adviser, the
Company expects that the date of despatch of the circular will be
postponed to a date on or around 18 April 2017. In light of the
delay in despatch of the circular, the SGM will be postponed.
Further announcement on the date of the postponed SGM will be made
in due course.
On Behalf of the Board
S E A Holdings Limited
Lu Wing Chi
Chairman and Managing Director
Hong Kong, 10 April 2017
The directors of the Company as at the date of this announcement
are:
Executive Directors: Independent Non-executive
Directors:
Mr. Lu Wing Chi (Chairman Mr. Walujo Santoso,
and Managing Director) Wally
Mr. Lincoln Lu Mr. Leung Hok Lim
Mr. Lambert Lu Mr. Chung Pui Lam
Non-executive Director:
Mr. Lam Sing Tai
* For identification purpose only
......................................................................................................................
AGP will provide an update on the timetable as set out in the
announcement dated 31 March 2017 to the extent that it changes as a
result of SEA's 10 April 2017 announcement as set out above.
This announcement contains inside information.
For more information, please contact:
Lu Wing Chi Tel: +852 2828 6363
Executive Director
Asian Growth Properties
Limited
Richard Gray/Andrew Potts/Atholl Tel: +44 207 886 2500
Tweedie
Panmure Gordon (UK) Limited
(Nominated Adviser)
This information is provided by RNS
The company news service from the London Stock Exchange
END
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