![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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:1078V London Asia Capital PLC 05 December 2005 5 December 2005 LONDON ASIA CAPITAL FORMS ENERGY & ENVIRONMENT DIVISION Office opened in Germany and major agreement signed with China Environmental Protection Foundation London Asia Capital plc ("London Asia" or "the Company"), the Greater China focused investment and merchant banking group, announces that it has formed an Energy and Environment ("E&E") division, Clean Technology plc ("Clean Tech") to be based in Freiburg, Germany. London Asia also announces that Clean Tech has signed an agreement with leading Chinese environmental group The China Environmental Protection Foundation ("CEPF"). Clean Tech has been formed to bring together specialist E&E teams in Germany, the UK, Canada and China. E&E is a fast growing market, particularly in China, with substantial short and long term potential and favourable national and international regulatory frameworks. Clean Tech, headquartered in London Asia's office in Freiburg, Germany, is headed by renewable energy specialist Jochen Sautter. Jochen is co-founder of Das Grune Emissionshaus where he has been a key director for over seven years. Das Grune Emissionshaus is a leading issuer of structured finance products in the renewable energy market and Jochen has a wealth of experience in wind and solar energy project development, including raising over Euro400 million of funding for European wind and other renewable projects. Commenting on the formation of Clean Tech, Simon Littlewood, Chief Executive, London Asia said: "Investments into renewables and energy efficiency technologies are attractive as they are the best hedge against the economic risks of rising oil prices and declining reserves. We have assembled a team with expertise in this area in order to source technology in Western markets and apply it to projects in China, which we are accessing through our own network and via the alliance announced today. Basing Clean Tech in Freiburg is significant, as it is widely recognised as the European hot bed for renewable energy technology initiatives." London Asia is also pleased to announce that Clean Tech's China office has signed a co-operation agreement with the leading Chinese environmental group: The China Environmental Protection Foundation ("CEPF"). CEPF is the first Non Government Organisation in China specialised in raising and managing funds for environmental protection related businesses. It is headed by Professor Qu Geping, the first Administrator of China's National Environmental Protection Agency, and former Director of the Natural Resources Conservation Committee of the National People's Congress. In 1992 at the Rio Conference on the Environment, the UN awarded him the Environment Prize for his outstanding contribution to, and leadership in, China's environmental protection - he donated the prize money to fund the creation of CEPF. CEPF manages The Collaboration and Development Fund ("the Fund"), which raises funds from overseas capital markets to invest in the environmental sector in China. Under the agreement, London Asia will help the Fund to raise finance from international capital markets, attract international investors and bring advanced environmental related technology and know-how to China. The Fund has awarded London Asia the right of first refusal to be the financial adviser for all environmental related projects sourced by the Fund. In addition, CEPF and the Fund will introduce London Asia to potential environmental related project owners and developers to broaden London Asia's access to China's environmental market. Commenting on the alliance, Simon Littlewood added: "As a result of the country's rapid industrialisation, large and increasingly prosperous population, and heavy reliance on fossil fuels, especially coal, with its associated pollution, China represents the fastest growing environmental market in the world. The alliance with CEPF provides us with a strong source of good quality deal flow in this exciting sector." - ends - For further information please visit www.londonasia.com or contact: Simon Littlewood John West/Matt Ridsdale London Asia Tavistock Communications Tel: 020 7248 7578 Tel: 020 7920 3150 About China Environmental Protection Foundation Founded in April 1993, CEPF (www.cepf.org.cn/en_index.asp) is a non-profit NGO foundation dedicated to environmental protection in China. CEPF works to raise funds through different means and channels to commend organisations and individuals that have made outstanding contributions to environmental protection, to sponsor activities and projects of various kinds and to promote technical exchange and co-operation with other countries in the environmental field to further environmental protection in China. Since its founding, CEPF has been involved in a series of activities such as commending 120 outstanding environmental workers in June 1993, hosting the Fifth Pacific environmental Conference in 1995, completing a project of investigation regarding national awareness of environmental protection between 1995 and 1996, and organizing training for environmental volunteers. CEPF has invested several million yuan in environmental protection enterprises to help develop the environmental protection industry. About The Chinese Energy and Environment Market China's surging economy and industrialisation has created pressures on China's environment, which the Chinese Government is looking to address through encouraging investment in the sector and utilising western technology. Issues being addressed and seeking investment include: * China's drinking water and electricity supply cannot keep up with the surging demand: shortages are common in many parts of China * Eight out of ten of the most polluted cities in the world are Chinese, causing high levels of asthma and other pollution related diseases * China has announced its intension to spend US$180bn on renewable energies over the next 15 years, increasing their contribution to energy supply from 7% to 15% * Since 2000 China's energy use has been rising at a rate of 15% pa - the annual increase in China's energy consumption is approximately equal to the total energy consumption of the UK * China's energy industry relies on coal for around 75% of output, and China is already the biggest coal consumer worldwide, as well as the second largest consumer of oil This information is provided by RNS The company news service from the London Stock Exchange END AGRILFVDFDLFIIE
1 Year London Asia Capital Chart |
1 Month London Asia Capital Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions