17th Sep 2013 13:39
LONDON (Alliance News) - Asian Growth Properties Limited said Friday that Executive Directors Lu Wing Chi and Lambert Lu had bought shares in portfolio company JCS Limited, taking Wing Chi's interest from 32.61% to 48% and Lu's from 13.04% to 21%.
Details of the number of shares included in the transaction and the price at the time of purchase were not given.
Following these transactions, Asian Growth said that Wing Chi has a 37.64% interest in the company's total issued share capital, and Lu a 10.31% interest.
Shares in the investment holding company were trading down 11.1% at 16.00 pence Tuesday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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