LONDON (Alliance News) - Asian Growth Properties Ltd Wednesday said it has appointed Lincoln Lu as an executive director of the company.
The Hong Kong-based property development and investment company said that Lam Sing Tai has also been appointed as a non-executive director.
Lu, aged 39, is an executive director of SEA Holdings Ltd.
SEA holds about 97.17% of the issued shares of Asian Growth Properties Ltd, and Lincoln Lu, through his direct and indirect shareholding interests in SEA, is deemed to have an indirect beneficial shareholding interest of 98 million shares in the company.
Shares in the company closed 11.8% lower Wednesday, at 15.00 pence per share.
By Rowena Harris-Doughty; rowenaharrisdoughty@alliancenews.com; @rharrisdoughty
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