1st Aug 2007 18:05
Asian Growth Properties Limited01 August 2007 ASIAN GROWTH PROPERTIES LIMITED CHANGES OF SIGNIFICANT SHAREHOLDERS' INTERESTS AND A DIRECTOR'S DEEMED INTEREST The board of directors of Asian Growth Properties Limited (the "Company") (AIMStock Code: AGP), the Hong Kong based China property development and investmentcompany, announces as follows: The Company received notifications today that: A. Change of Significant Shareholders' Interests (1) S E A Holdings Limited ("SEA") is now beneficially entitled to, inaggregate, 856,932,838 ordinary shares of US$0.05 each in the Company ("Shares")which represent approximately 96.68% of the existing issued share capital of theCompany; (2) on 2nd July, 2007, Harbour Green Holdings Limited, a wholly-owned subsidiaryof SEA, acquired from Trans Tasman Properties Limited, another wholly-ownedsubsidiary of SEA, and another party a total of 5,457,134 Shares which representapproximately 0.62% of the existing issued share capital of the Company at aprice of 35.25 pence each; and (3) 7,727,246, 175,094,641 and 668,653,817 Shares, which represent approximately0.87%, 19.75%, and 75.44% respectively of the existing issued share capital ofthe Company, beneficially owned by SEA are held through its wholly-ownedsubsidiaries Manifold Returns Group Limited, SEA (AGP) Offshore Limited andCharm Action Holdings Limited respectively. B. Change of a Director's Deemed Interest (1) As a result of the change of SEA's shareholding in the Company, Mr. Lu WingChi ("Mr. Lu"), an executive director of the Company, and persons connected withhim are deemed to be beneficially interested in 227,287,724 Shares whichrepresent approximately 25.64% of the existing issued share capital of theCompany; and (2) Mr. Lu is deemed interested in the said Shares by virtue of (i) his 6.52%direct shareholding interest in JCS Limited ("JCS"), (ii) him being adiscretionary beneficiary of a discretionary trust which owns 26.09% of theissued shares of JCS, and (iii) his 30% direct shareholding interest in Nan LuenInternational Limited ("NLI"). JCS is interested in 63.58% of the issued sharesof NLI which in turn is interested in 52.28% of the issued shares of SEA. For more information: Chan Ka Wing Tel: +852 2828 6345Executive DirectorAsian Growth Properties Limited Richard Gray Tel: +44 207 459 3600Andrew PottsPanmure Gordon & Co This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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