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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:4616E London Asia Capital PLC 26 October 2004 London Asia Capital PLC ("London Asia" or the "Company") Launch of China Fund London Asia, the AIM-listed Greater China focused investment & merchant banking group, has reached agreement with Global Emerging Markets ("GEM"), the New York headquartered investment group, for the formation of a US$200 million private equity fund for China. The fund will focus on late stage investing in middle market private companies in the Greater China region, including China, Taiwan, Hong Kong, and S.E Asia. The fund will take significant stakes in each investment, have Board representation and be actively involved in the strategic direction, financing and acquisition strategy. London Asia and GEM will jointly manage the fund. GEM currently has committed capital of US$1.8 billion in funds. Investors for the fund will come primarily through GEM's network of contacts and existing investors, many of which are seeking an exposure to Chinese Investments. GEM will be responsible for all technical, legal and compliance operations of the fund. London Asia will utilize its offices and network in Greater China to identify opportunities, manage the investments and assist in the exit of portfolio companies, with particular focus for exits via the UK and Asian markets. Simon Littlewood, London Asia Chief Executive, said: "Establishing the fund is in line with our strategy of generating income from a wider range of sources without significant investment of our own capital. The fund will enable us to invest in the larger transactions which we have access to, especially in the power and environmental sectors, but are currently unable to invest in without substantial dilution to our shareholders." ENQUIRIES: Simon Littlewood, CEO Tel 020 7332 2219 Paul McManus, Binns & Co Tel 020 7153 1485 Mob: 07980 541 893 Jonathan Wright, Seymour Pierce Tel 020 7107 8000 About Global Emerging Markets Global Emerging Markets was founded in 1993 and is a private investment group specializing in control, minority, and public market investing. Its activities are international and span a diverse array of industries and transactional structures. As of June 30, 2004, GEM had committed capital of $1.8 billion from institutional investors, and has invested in more than 40 companies worldwide. GEM's activities are based on a thorough knowledge and understanding of market conditions. GEM has offices in New York, London and Paris. Each GEM office is staffed by local people who understand the business culture and local legal practices of their countries. GEM's investment objective is to generate superior long-term gains through capital appreciation. Each investment is typically made in exchange for common or preferred equity. Through its unique relationships, GEM can also play a significant role in identifying and structuring additional financing for acquisitions and other special situations. About London Asia Capital plc 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 AGREAPESASDLFFE
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