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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:2076X London Asia Capital PLC 20 January 2006 Embargoed for 07.00: 20 January 2006 LONDON ASIA CAPITAL PLC ("LONDON ASIA") Proposed Launch of UK AiM Listed Chinese Private Equity Fund London Asia Capital plc ("London Asia"), the Greater China focused investment and merchant banking group, is pleased to announce the proposed launch of a new fund, London Asia Chinese Private Equity Fund Limited ("the Fund"), which is seeking significant capital growth via investment in private equity opportunities in China. The Fund, seeking to raise up to #50 million, is sponsored and advised by Collins Stewart Limited, and will seek a listing on the UK's AiM Stock Market. London Asia will be advising the Fund and two of its Directors, Simon Littlewood and Victor Ng, Chief Executive and Group Executive Director for Greater China respectively, will be appointed to the Board of the Fund. London Asia will receive an annual fixed fee of 2 per cent. of the Fund's net asset value, plus a performance related fee based on the increase in the net asset value each year, subject to the Fund proceeding. The Fund will focus on investment in businesses in China that are seeking additional working capital to fund expansion, or are looking to list on capital markets worldwide. London Asia has already identified over #150 million of investments that potentially meet the Fund's investment criteria from its existing deal flow, sourced from its teams in seven offices across China. The Fund will focus on investments that are profitable, cash flow positive and have potential for high profit growth. The focus will be on companies in the energy & environment, financial services, TMT, education, pharmaceutical, chemical and consumer products sectors. Typically, exits will be sought 12 to 36 months after initial investment, via both trade sale and IPO. Investment proceeds will be re-invested in the Fund. Simon Littlewood, Chief Executive, London Asia Capital said: "London Asia has an extensive network of offices and contacts across China. Our management team has a proven track record of investing in Chinese businesses and generating significant returns for investors, particularly via IPOs on established markets." He added: "To date we have more investment opportunities available to us than we are able to fund from our own resources. This fund will change that. The mix of deal flow, contacts and management experience, along with an established network of offices in the main international financial centres around the world, and seven offices in China staffed by local Chinese and Western trained professionals, means that London Asia is uniquely placed to launch a fund for investment in high growth private businesses in China." For further information please visit www.londonasia.com or contact: John West/Matt Ridsdale Simon Littlewood Tavistock Communications London Asia Capital plc Tel: 020 7920 3150 Tel 020 7248 7578 This information is provided by RNS The company news service from the London Stock Exchange END MSCZGGMMNLRGVZM
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