Acquisition

RNS Number:0421Q
London Asia Capital PLC
23 September 2003

            LONDON ASIA CAPITAL PLC ("London Asia" or "the Company")

Hong Kong Office Established

As part of the continued expansion of the Company's activities across the
Greater China region, London Asia is pleased to announce that it has taken a 40%
interest, via the issue of 60,000 London Asia ordinary 5p shares at 20p per
share, in a Hong Kong based investment and advisory business.  The business, to
be named London Asia Capital Hong Kong Ltd ("LAC HK"), was founded and is headed
by Mr C.K Cho, who with the other management hold the remaining 60% of LAC HK.
Simon Littlewood, Chief Executive of London Asia, will be joining the LAC HK
Board.  Application has been made for the shares to be traded on AIM and
admission is expected on 29 September 2003.

Mr Cho is a UK and Hong Kong qualified barrister, who spent a number of years
working for the Hong Kong government, including a period as Chief Investigator
for the Independent Commission Against Corruption, before in April 2002 becoming
director of Business Development for the Asia region for UK listed investment
business Eurovestech plc, and in September 2002 heading international
development at a Hong Kong investment banking group.  Mr Cho is adviser to
Vision Skill, a Hong Kong training organisation, and lectures in Hong Long on
securities laws and financial markets regulation.

LAC HK will work closely with London Asia's existing operations in China, Taiwan
and Singapore, and with the Company's recently appointed Cindy Lam in the London
office.  LAC HK's core activity will be identifying opportunities for the
Company to acquire stakes in businesses which have the potential to list on a
Stock Market in Asia or the UK within eighteen months, and performing the
necessary due diligence.  Mr Cho and his team have substantial legal and
investigative expertise which will be used for London Asia projects and also
offered as a consulting service to investors based outside the region who are
seeking to acquire companies or invest in China.

Simon Littlewood, Chief Executive of London Asia, said: "I am delighted to have
someone of Mr Cho's substantial experience and contacts within Greater China as
part of our team.  The addition of a Hong Kong office enables us to tap into the
expertise that Hong Kong investors have built up in China, and opens the
possibility of taking some of our investments onto the Hong Kong Stock Exchange
in the future".

Mr Cho, Chief Executive of LAC HK, said: "Investors in Hong Kong have
considerable experience of investing in China, and the Hong Kong Stock Market
has been the first choice for many Chinese companies looking to gain access to
overseas capital markets. I look forward to working with the London Asia team to
develop Hong Kong as an additional option for listing London Asia's investments
alongside the UK and Singapore".


ENQUIRIES:

Simon Littlewood, Chief Executive                              07802 857 287
C.K Cho, Chief Executive, London Asia Hong Kong                07771 545 589
Keith Lewis, City Road Communications                          020 7334 0243
Graeme Thom, Grant Thornton Corporate Finance                  020 7383 5100

About London Asia Capital plc
London Asia is an AIM listed (code LDC) investment business, focused on
investing in established, profitable businesses in the Greater China region
which have the potential to grow rapidly and benefit from the management skills
which the London Asia management team can bring, particularly our experience in
bringing businesses to capital markets both in Europe and Asia.  To date, the
Company has made four investments in China.  Visit www.londonasiacapital.com for
more information on the Company.

About London Asia Capital Hong Kong
As well as acting as the Hong Kong arm of London Asia and servicing the needs of
the Company, LAC HK will also service the needs of investors seeking to enter
the Greater China market, providing due diligence, legal, and financial
services.  It will also look at the opportunity of obtaining dual listings for
companies in London and Hong Kong, to tap into the strengths of both markets.


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