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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
London Asia | LSE:LDC | London | Ordinary Share | GB0008251513 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.85 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9109J London Asia Capital PLC 18 March 2005 London Asia Capital PLC ("London Asia" or "the Company") Appointed Adviser to Chinese Infrastructure Projects London Asia, the Greater China focused investment and merchant banking group, has been appointed corporate finance adviser to a series of energy, waste and water projects in Hubei Province, China, totaling approximately US$1.0 billion in capital expenditure. London Asia's partner for energy and water infrastructure projects in China, the Kaidi Group, has signed an agreement with the local government of Xiangfan, Hubei Province, for investment into the City's energy sector and public utilities. The agreement focuses on investing in, as well as implementing, energy and environment protection related projects that utilise waste to generate clean energy. Projects covered include biomass power plants, municipal waste power plants, small to medium sized hydraulic power stations, waste water treatment and wind power stations. A new company, Hubei Xiangfan Kaidi Renewable Energy Company Ltd ("Xiangfan RE"), has been formed to undertake the projects. London Asia has been appointed preferred corporate adviser to Xiangfan RE, with responsibility for structuring transactions, arranging financing, advising on technology transfer and listing on international markets. London Asia will receive fee income for each project worked on, in the form of monthly retainers for general structuring and advice on the projects, and success based fees calculated as a percentage of both debt and equity funds raised for each project. London Asia also has the right to co-invest in all the projects. Simon Littlewood, London Asia Chief Executive, said: "Projects such as this are a key area of our expansion. They generate over a sustained period regular fee income and the potential for large success fees and additional investment opportunities. The energy and environment sectors are growing rapidly in China and we are well placed, as a result of our strong relationship with China's Kaidi Group, to take advantage of the opportunities. London Asia adds real value to these projects through our access to Western capital markets and investors, our team's experience in structuring such transactions, and our access to Western technology suppliers and businesses, many of whose technology is applicable to the Chinese market but who are reluctant to enter that market directly themselves." ENQUIRIES: Paul McManus, Binns & Co Tel: 020 7153 1485 Mob: 07980 541 893 Simon Littlewood, CEO Tel: 020 7248 7578 Jonathan Wright, Seymour Pierce Tel: 020 7107 8000 About the Energy and Environmental Market in China China's rapid economic growth, with over 9.5% growth achieved in 2004 and an average annual growth of over 8% for the last 20 years, has created increasing energy needs, with power shortages common in many parts of China. Environmental problems associated with expanded power generation and rising consumption are on the rise, with an estimated 13% of China's arable land affected by pollution. The Chinese Government has set as a top priority the need to generate increasing amounts of energy from renewable sources, and to increase the efficiency of existing supplies, not only to reduce environmental damage but also to counter rising global oil and coal costs. About The Kaidi Group Headquartered in Wuhan, The Kaidi Group was founded in 1993 and in 1999 listed part of its business on China's Shenzhen Stock Exchange, with a current market capitalization of over #130 million. The Kaidi Group's core business is the development and application of new technologies and products for environmental protection and power generation. It carries out EPC contracting of engineering design, complete plant construction, installation, commissioning and training for coal burning power plants, flue gas desulphurization projects, clean coal burning power plant technologies and domestic waste treatment and power generation projects. For additional information, see www.china-kaidi.com. About Xiangfan Xiangfan is the second largest city of Hubei Province, located in the north-west corner of Hubei province, neighbouring Henan province. It has an area of 19,566 square km and a population of 6 million. Its major industries are automobile, auto components, textile, pharmaceutical and tourism. Last year GDP reached RMB 46 billion (USD 6 billion). You can find more information on http:// www.xfol.com/. About London Asia Capital plc London Asia is an AIM listed investment and merchant banking group focused on the SME market in Greater China. London Asia has identified that as a result of the fast growing Chinese economy and an underdeveloped financial services industry, there is strong demand for both capital and skilled financial advisory services in China, especially among small-to-medium sized enterprises. London Asia operates three principal businesses: * Investment of own funds in profitable businesses in Greater China, with exits via IPO or trade sale; * Investment Banking services, mainly corporate finance advisory (fund raisings, IPO's and M&A); and * Fund management London Asia has a growing list of investments, paid for via a mix of cash and London Asia shares, focused on distinct industry sectors: * Financial Services * Media * Information technology & communications * Infrastructure, energy & natural resources & environment London Asia has offices and management teams, as well as strong local partners, across the Greater China region, as well as alliances with a number of Chinese business parks, which gives London Asia access to a significant number of Chinese businesses. These provide direct access to investment opportunities, close relationships with corporate clients, a good level of control over existing investments, access to local market intelligence as well as providing leverage through a network of partners. These work in conjunction with our international network in London, New York, Singapore and Hong Kong. This information is provided by RNS The company news service from the London Stock Exchange END APPBRGDXSDBGGUR
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