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Director Declaration

3 Nov 2011 11:54

RNS Number : 4493R
Asian Growth Properties Limited
03 November 2011
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3 November 2011

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ASIAN GROWTH PROPERTIES LIMITED

Immediate Release

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Director Declaration

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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 yesterday received notification from its non-executive chairman, Mr. Richard Prickett, that The Romanian Property Fund Limited was put into compulsory liquidation on 1 November 2011 as a result of a failed refinancing plan. Mr. Prickett subsequently tendered his resignation as a non-executive chairman and director of The Romanian Property Fund Limited with effect from 1 Nov 2011.

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The above notification was made in accordance with Rule 17 and paragraph (g) of Schedule 2 of the AIM Rules for Companies.

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For further information, please contact:

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Lu Wing Chi

TEL: +852 2828 6363

Executive Director

Asian Growth Properties Limited

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Richard Gray

TEL: +44 207 459 3600

Andrew Potts

Panmure Gordon (UK) Limited

(Nominated Advisor)

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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