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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:0871B London Asia Capital PLC 21 July 2004 21st July 2004 London Asia Capital plc ("London Asia" or the "Company") Holding in Company The Company was informed on 20th July 2004 that, following the acquisition of 236,922 shares in the market, Mr John Mi, Chief Executive of China Financial Services Ltd, the financial software business in which London Asia has a 48% stake, is beneficially interested in 5,698,016 ordinary shares in the Company, which represents 7.02% of the issued share capital of the Company. China Financial Services Ltd is the holding company for Beijing Success, from which London Asia Capital recently received a dividend of RMB8 million (#530,000). Simon Littlewood, Chief Executive of London Asia Capital, said: "We are very pleased to announce that John Mi has increased his shareholding in London Asia Capital. John Mi is Chief Executive of our largest investment to date and we believe this shows his faith in our investment strategy and ability to exploit the current growth in Asia and convert the opportunities available to us into quality and sustainable results." ENQUIRIES: Simon Littlewood, CEO Tel 020 7332 2219 Paul McManus, Binns & Co Tel 020 7153 1485 Mob 07980 541 893 About London Asia Capital plc London Asia Capital plc ("London Asia") is a leading AIM listed investment and financial advisory company focused on the Greater China SME market (China, Taiwan, Hong Kong, and S.E. Asia). 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 operate 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) 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 & telecom * Infrastructure & natural resources London Asia has offices and management teams, as well as strong local partners, across the Greater China region which provides 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. London Asia also has alliances with Chinese business parks, which gives London Asia access to over 7,000 Chinese businesses. About China Financial Services Incorporated in Singapore, CFS is a financial services business focused on the Chinese market. It is currently principally engaged, through its wholly owned Chinese subsidiary Beijing Success Technology Co Ltd ("Beijing Success"), in the development, distribution and sale of its own proprietary securities analysis software for the Chinese financial services industry and related securities data services. Beijing Success also provides specialist customisation services of its proprietary software targeted at Chinese high net worth individuals and institutional investors. To date, Beijing Success has sold over 20,000 licences for its products in China. This information is provided by RNS The company news service from the London Stock Exchange END RDSRBMITMMITBTI
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