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AGP Asian Growth Properties

1.05
0.00 (0.00%)
15 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Asian Growth Properties LSE:AGP London Ordinary Share BMG054131021 COM SHS USD0.05 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.05 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.10 2.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.05 GBX

Asian Growth Properties (AGP) Latest News

Real-Time news about Asian Growth Properties (London Stock Exchange): 0 recent articles

Asian Growth Properties (AGP) Discussions and Chat

Asian Growth Properties Forums and Chat

Date Time Title Posts
07/12/201708:59Asian Growth97
22/3/201614:34agp..asia growth property58
08/2/200615:25AIT Group10
03/1/200623:53THE SMALL INVESTOR CAN WIN!!!!!!!!!!!36
08/10/200508:22AIT Group ( AGP ) Time to BUY!580

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Asian Growth Properties (AGP) Most Recent Trades

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Asian Growth Properties (AGP) Top Chat Posts

Top Posts
Posted at 13/11/2017 09:22 by bckttsim
The last time this happened it doubled in price
Posted at 15/5/2017 18:55 by latifs100
any value left in agp. any ideas to invest , hold, or sell
Posted at 03/5/2017 16:22 by johnyee 7
the AGP Special Dividend Payment to its Shareholders in the amount of HK$10.35 (GBP1.06) per AGP Share.

Events Expected date

AGP Shares marked ex-dividend..........................................................................Thursday, 4 May 2017

Record date for the AGP Special Dividend Payment................................................Friday, 5 May 2017

Proposed date of completion of share price Agreement.....................................................Monday, 15 May 2017

AGP Special Dividend Payment date................................................................... Monday, 15 May 2017
Posted at 03/4/2017 11:30 by luckymouse
came up on my scanner last week - missed - dirty shake tho (MM insider?) so not worried
price action is shout out style
Posted at 15/6/2016 14:34 by latifs100
monies received dissapointed with sahre price, any ideas price december??
Posted at 26/5/2016 07:15 by johnyee 7
The Board has declared a special cash dividend of HK$1.9 per ordinary share to the shareholders of the Company, payable on Friday, 10 June 2016 on the share register on Friday, 27 May 2016
Posted at 22/3/2016 14:34 by latifs100
The Board has declared a special cash dividend of HK$1.9 per ordinary share to the shareholders of the Company, payable on Friday, 10 June 2016 on the share register on Friday, 27 May 2016.

assets value 1.22, share price 50p??
Posted at 21/3/2016 15:38 by ileeman
AGP day high paid on ISDX

Again shows the failed trader hatey does not have a clue
Posted at 21/3/2016 13:07 by hope67
hxxp://www.hl.co.uk/shares/shares-search-results/a/asian-growth-properties-com-stk-usd0.05/share-news

Proposed Disposal of Property



On 25 February 2016, the Company announced that the Vendor (an indirect wholly owned subsidiary of AGP) and AGP entered into the Sale Agreement with the Purchaser and the Purchaser's Guarantor in relation to the conditional Disposal of the Target Group, which owns the property known as Dah Sing Financial Centre held by the AGP Group in Hong Kong, for a gross Consideration (for the Sale Shares) of HK$10,000 million (approximately £926 million) in cash to the Purchaser.

The Target Group to be acquired by the Purchaser comprises SEA (BVI) (an indirect wholly-owned subsidiary of the Company) and Wing Siu (a wholly-owned subsidiary of SEA (BVI)). Wing Siu is the sole registered and beneficial owner of the Property, a 38-storey commercial and office building situated at 108 Gloucester Road, Wanchai, Hong Kong with a gross floor area and total lettable area of approximately 37,214 square metres and 32,606 square metres respectively and 156 car parking spaces.

The Property was valued as at 31 December 2015 at a value of HK$9,500 million (approximately £880 million) by Savills Valuation and Professional Services Limited, an independent property valuer.

In addition to the Consideration for the Sale Shares, the Purchaser will pay the Vendor on Completion: (i) the Capex Amount of HK$80 million (approximately £7.4 million) to compensate the Vendor for capital expenditure on the Property and furniture, fixtures and fittings which is not reflected in the Consideration; and (ii) an amount equivalent to the Owner's Fund outstanding at Completion held by the Target Group's manager/ managing agent for the purpose of managing and maintaining the Property. The balance of the Owner's Fund as at 31 December 2015 amounted to approximately HK$45 million (approximately £4 million).



Completion of the Disposal is subject to various conditions, more particularly set out below. Assuming the Disposal proceeds to Completion, the AGP Group will receive a total gross cash consideration for the Sale Shares, the Capex Amount and the Owner's Fund of approximately HK$10,125 million (approximately £938 million).

After repayment of the Bank Loan with a principal amount of approximately HK$1,981 million (approximately £183 million), the AGP Group will receive a net consideration for the Sale Shares of approximately HK$8,019 million (approximately £743 million) and together with the Capex Amount and the Owner's Fund, a total net consideration of approximately HK$8,144 million (approximately £754 million), before deducting transaction costs and expenses. The capital gain from the Disposal before transaction costs and expenses is expected to be approximately HK$700 million (approximately £65 million).
Posted at 21/3/2016 08:14 by sharetrader3006
Great results.

Final Results
Fri, 18th Mar 2016 17:27
RNS Number : 6535S
Asian Growth Properties Limited
18 March 2016



18 March 2016



Asian Growth Properties Limited



Results for the year ended 31 December 2015



Asian Growth Properties Limited (the "Company") (AIM Stock Code: AGP), the Hong Kong based China property development and investment company, announces its audited consolidated results for the year ended 31 December 2015 as follows:



Financial Highlights



n Profit attributable to the Company's shareholders of HK$1,336.7 million (£116.4 million) (2014: HK$703.1 million (£58.3 million)).

n Profit attributable to the Company's shareholders (excluding revaluation surplus net of deferred tax) was HK$355.9 million (£31.0 million) (2014: HK$102.8 million (£8.5 million)). The increment was a result of a realized gain of HK$431.8 million (£37.6

million) on the sale of the Fo Tan project after netting off of the increase of HK$163.3 million (£14.2 million) in management fee paid to South-East Asia Investment And Agency Company, Limited ("SEAI"), a wholly-owned subsidiary of S E A Holdings Limited (the holding company of the Company), pursuant to a cost sharing agreement made between the Company, its various subsidiaries and SEAI in 2014 for the use of SEAI's personnel and facilities on a cost-sharing basis for the Company to carrying its business activities. The increase in the said management fee is mainly due to the rise in SEAI's employee benefits during the year under review.



n Earnings per share for profit attributable to the Company's shareholders of HK150.8 cents (13.1 pence) (2014: HK79.3 cents (6.6 pence)).

n Net asset value per share attributable to the Company's shareholders as at 31 December 2015 of HK$16.0 (139.3 pence) (31 December 2014: HK$14.8 (122.7 pence)).

n Geographical location of the Group's property assets were as follows:


31 December 2015
31 December 2014
Hong Kong
HK$10,298.3 million (£896.7 million)
HK$10,177.4 million (£843.7 million)
Mainland China
HK$4,534.2 million (£394.9 million)
HK$4,635.7 million (£384.3 million)
Total
HK$14,832.5 million (£1,291.6 million)
HK$14,813.1 million (£1,228.0 million)
n Gearing ratio of 2.3% (31 December 2014: 9.3%).

n The Board has declared a special cash dividend of HK$1.9 per ordinary share to the shareholders of the Company, payable on Friday, 10 June 2016 on the share register on Friday, 27 May 2016.



Operational Highlights



n Stable gross rental income generated from Dah Sing Financial Centre in Hong Kong and its occupancy rate remains high.

n The hotel operation results of Crowne Plaza Hong Kong Causeway Bay were in general in line with the weaker hotel business environment in 2015.





n Major mixed use development projects in Chengdu and Kaifeng, Mainland China are progressing. Site formation works for Phase I of Chengdu project have been completed. The construction works for Phase 1A were completed and superstructure works for Phase IB of Kaifeng project are in progress. Sales of units have commenced and are in

progress.



n Sale of the Fo Tan project was completed in November 2015 realised a gain on disposal of HK$431.8 million (£37.6 million) and generated net cash after repayment of bank loans of approximately HK$1,250 million (approximately £109 million).

n Following the year end, in February 2016, announcement regarding the proposed disposal of Dah Sing Financial Centre for a net cash consideration (after repayment of bank loans) of approximately HK$8,019 million (approximately £698 million), subject to approval at a shareholder meeting on 29 April 2016.



Notes:

1. Figures in Pounds Sterling are translated from Hong Kong dollars based upon the exchange rates

prevailing on the latest practicable business day of the respective accounting years. The relevant exchange rates adopted are stated as follows:



For 31 December 2015:
£1 = HK$11.4841
For 31 December 2014:
£1 = HK$12.0627


2. For the Company's shareholders' information, the exchange rate on 17 March 2016 was £1 = HK$11.1280



Miscellaneous



The results included in this announcement are extracted from the audited consolidated financial statements of the Company for the year ended 31 December 2015, which have been approved by the Board of Directors on 18 March 2016.



The 2015 Annual Report is expected to be posted to the Company's shareholders and holders of depositary interests in late April 2016.



For further 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)
Asian Growth Properties share price data is direct from the London Stock Exchange

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