Source - RNS
RNS Number : 8077I
Asian Growth Properties Limited
02 September 2016
 

2 September 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 and the cancellation of repurchased SEA shares during the period up to

         2 September 2016.

II.      Up to 2 September 2016, Nan Luen International Limited ("NLI") acquired a total of 890,000 SEA shares. Immediately after the acquisition of SEA shares, NLI has a direct shareholding interest of 65.42% 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 0.61% interest in SEA.  Mr. Lu Wing Chi is deemed to be interested in 0.61% 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 2 September 2016 be as follows:

 

1.      Mr. Lu Wing Chi, executive director of the Company, is deemed to have an indirect beneficial shareholding interest in 363,684,471 Shares, representing approximately 41.03% of the existing issued share capital of the Company, by virtue of his following interests:

 

(i)      1.61% 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 132,947,865 Shares, representing approximately 15.00% of the existing issued share capital of the Company, by virtue of his following interests:

 

(i)        2.73% 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 131,914,331 Shares, representing approximately 14.88% of the existing issued share capital of the Company, by virtue of his following interests:

 

(i)        2.61% 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
 
 
DSHLIFVDADIFIIR

Related Charts

Asian Growth Properties (AGP)

0.00p (0.00%)
delayed 09:00AM