Asian Growth Properties (AGP), the commercial and residential property investment and development company, has begun trading on AIM.
The company, which operates in Hong Kong, has 217,693,995 shares in issue and a market capitalisation of around £80m.
AGP has four key property assets in Hong Kong which have been valued by Chesterton Petty at £111m.
These are located in the Causeway Bay, San Po Kong/ Wong Tai Sin, Sha Tin and the Wan Chai districts.
Three are development properties and the fourth is a retail investment property.
AGP is identifying other property assets and development sites in the Asian market for purchase.
HB Corporate is acting as Nominated Adviser and Broker to the transaction.
References: EGi News 16/01/06
