Asian Growth Properties Limited Director/PDMR Shareholding (8527D)

TIDMAGP

RNS Number : 8527D

Asian Growth Properties Limited

11 July 2016

11 July 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.

II. Up to 11 July 2016, Nan Luen International Limited ("NLI") acquired a total of 350,000 SEA shares. Immediately after the acquisition of SEA shares, NLI has a direct shareholding interest of 65.12% of the issued share capital of SEA.

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

IV. 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 event, the respective deemed interests in the Shares of the following directors of the Company as at 11 July 2016 be as follows:

1. Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 362,012,729 Shares, representing approximately 40.84% 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 132,361,334 Shares, representing approximately 14.93% 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 131,327,800 Shares, representing approximately 14.82% 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: [phone] 

Executive Director

Asian Growth Properties Limited

   Richard Gray                            Tel: [phone] 

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)

This information is provided by RNS

The company news service from the London Stock Exchange

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July 11, 2016 10:38 ET (14:38 GMT)