BVI company announces respective deemed interests of its directors

BVI-incorporated and HK-based company Asian Growth Properties Limited, focused on China property development and investments, has received notifications from its directors which announced their respective deemed interests in the ordinary shares of US$0.05 each in the company.

Directors’ deemed shareholding interests, after the acquisition of 350,000 SEA Holdings Limited shares by Nan Luen International Limited, include: SEA Holdings Limited, which is beneficially entitled to about 97.17 per cent of the existing issued share capital of the BVI company; Nan Luen International Limited with direct shareholding interest of 65.12% of the issued share capital of SEA; JCS Limited, with direct interest of 63.58% in the issued share capital of NLI; NYH Limited with 0.609% interest in SEA.

As a result of the above acquisition, the executive director of the company, Mr. Lu Wing Chi, is deemed to have an indirect beneficial shareholding interest in 362,012,729 shares, which represent approximately 40.84% of the existing issued share capital of the company. Mr. Lincoln Lu, the executive director of the company, has an indirect beneficial shareholding interest in 132,361,334 shares, representing approximately 14.93% of the existing issued share capital of the BVI company. Another 14.82% of the share capital, or 131,327,800 shares, are held by the executive director of the company Mr. Lambert Lu.

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