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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:9615E London Asia Capital PLC 08 November 2004 London Asia Capital PLC ("London Asia" or the "Company") Agreement with Leading Chinese Venture Capitalist London Asia, the AIM-listed Greater China focused investment & merchant banking group, has been appointed corporate finance adviser to Canton Venture Capital Co Ltd ("CVCC"), a leading Chinese venture capital group. Under the agreement, London Asia will assist CVCC in listing its investments on stock markets outside China and finding Western investors or buyers. CVCC will provide details of all of its current investments, which London Asia will then screen to identify those which are suitable for listing on AIM, OFEX, the New York, or Singapore markets, and those for which sale to a trade or financial buyer is more suitable. London Asia will receive fees for its services, and the right to invest alongside CVCC. Based in Guangzhou, CVCC has registered capital of RMB700 million (#15 million) and has to date made over fifty investments in the Guangzhou region, with an emphasis on the bio-technology and IT sectors. In 2003 it was ranked in the top seven Chinese venture capitalists, and its General Manager, Mr Wang, ranked in the top seven Chinese venture capitalists. Mr Hongmao Wang, General Manager of CVCC, said: "There is considerable demand from the companies we have invested in to find Western investors and business as well as technology partners, and to gain a stock market listing outside China. We have worked with the London Asia team successfully in the past, and have already begun work with London Asia on the first potential listing of one of our portfolio companies." New Office In order to service the above agreement and tap into other opportunities in the region, London Asia has opened a South China Regional Office in Guangzhou, headed by Mr Hou Chun Chang, Member, National Peoples Consultative Committee (NPCC) Mr Chang is a leading figure in the environmental sector in China: one of the founders of Singapore stock market listed Devotion Eco-Thermal Ltd; Executive Committee Member of the National People's Congress Environmental & Resource Protection Committee; Director of the China Association of Environmental Protection Industry. He is Vice President of the Guangdong Association of Young Enterprisers, and Guangdong Association of Guangzhou Association of Outstanding Young Persons. In 2003 Mr Chang was appointed a Deputy of the 10th National People's Congress. Previous awards and honours include: 2001 - Ten Outstanding Young Persons of Guangzhou; 1999 - Outstanding Professional of Tianhe District, Guangzhou; 1998 - Excellent Young Enterpriser of Guangzhou; 1996 - Ten Outstanding Young Persons of Tianhe District, Guangzhou. Mr Hou Chun Chang, said: "I have worked successfully with the London Asia senior management team in a few ventures including the Singapore listing of Devotion. I look forward to developing London Asia's presence in the South China region, which has the largest number of privately-owned businesses in China. " Simon Littlewood, London Asia Chief Executive, said: "This is in line with our strategy of expanding into new regions in China via working with strong regional partners. This agreement gives us access to a number of investment and fee generating opportunities in a region which is one of the most developed in China, and the appointment of Mr Chang to head our new office there brings in someone with the necessary experience and contacts, both within industry and Government, to make the most of the opportunities." ENQUIRIES: Simon Littlewood, CEO Tel 020 7248 7578 Paul McManus, Binns & Co Tel 020 7153 1485 Mob: 07980 541 893 About Canton Venture Capital Co. Ltd Founded in December 1999, the company's major businesses are venture investment in the high-tech sector, establishment of venture investment funds, as well as investment consulting and asset management. Backed by the city government, CVCC helps small companies and individuals in the process of commercialization of high-tech products and related services. Based in Guangzhou, CVCC's business covers the Pearl Delta area and southern China. CVCC has invested over one billion RMB to date. While CVCC is open to reviewing projects from different fields, the main areas of emphasis are telecommunication, Internet, computer software, biotechnology, Chinese medicine modernization, and agriculture. For additional information, see www.c-vcc.com. About London Asia Capital London Asia is a leading 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 two principal businesses within Greater China: * Investment in profitable businesses 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 over 7,000 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, Hong Kong and Taiwan. This information is provided by RNS The company news service from the London Stock Exchange END AGRILFLILVLTIIS
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