Asian Growth Properties on the rise after announcing wind-up
Aim-listed firm Asian Growth Properties (AGP) announced on Monday it had appointed liquidators for its proposed voluntary wind-up and disposal of assets.
The firm said that due to limited liquidity in its shares, coupled with a small free float, it had decided that continued admission and trading on AIM would no longer provide AGP with the same access to capital advantages that it had in past.
AGP proposed the payment of substantially all the group's assets to its shareholders by way of a special distribution payment.
As of 1530 GMT, shares had leapt ahead 40.31% to 44.90p.