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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:9659G London Asia Capital PLC 04 January 2005 LONDON ASIA CAPITAL PLC ("London Asia" or the "Company") Directors' Shareholding and Additional Listing In recognition of the work performed during the past year, in particular the closing of the investment in China Finance Investment Banking Group ("China Finance"), the largest investment by the Company to date, the Board of London Asia approved the issue of the following ordinary shares on 31 December 2004: * 690,000 shares to Victor Ng, Director of Greater China operations. Following the issue of these shares, the combined holding of Victor Ng and companies where he is a director is 6,201,398, which represents 4.8% of the enlarged issued share capital of the Company; * 690,000 shares to Maxaden Ltd, a company where Simon Littlewood, Chief Executive, is a director. Following the issue of these shares, the combined holding of Simon Littlewood and companies where he is a director is 7,012,719, which represents 5.4% of the enlarged issued share capital of the Company; * 20,000 shares to Gerry Desler, Company Secretary. All the shares were issued at 14.5p per shares and application has been made to admit the new ordinary shares to be issued to trading on AIM. Admission is expected on 10th January 2005. The total number of issued ordinary shares in the Company admitted to AIM following the share issue will be 128.7 million. Jack Wigglesworth, London Asia Chairman, said: "2004 was a significant year for the Company as we began to see the benefits of the hard work put in over the last few years by the management team in building up the contacts, infrastructure and knowledge essential in a rapidly developing economy like China. Over #6.5 million of new investments were made, the most significant of which was our investment in China Finance, which will enable us to expand our activities considerably in China. 2004 also saw the first dividends and profits from our China operations, as well as a number of new partners and offices both within China and outside, expanding our ability to access opportunities within China and generate revenue." Simon Littlewood, London Asia Chief Executive, said: "Our focus in 2005 is to generate returns from the investments already made, and increase the revenue generated from advisory work. The results to 31st December 2004 for China Financial Services Ltd, our second largest investment to date, are currently being audited to US GAAP, with a view to a listing of the business in the US once all the necessary filings with the SEC have been completed." ENQUIRIES: Paul McManus, Binns & Co Tel 020 7153 1485 Mob: 07980 541 893 Jonathan Wright, Seymour Pierce Tel 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange END RDSBIMBTMMIMBRA
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