Result of Equity Issue

RNS Number:8202Z
London Asia Chinese Private Equity
15 March 2006



                  London Asia Chinese Private Equity Fund Limited

                            #50 million fundraising


The Board of London Asia Chinese Private Equity Limited (the "Company")
announces that the placing by Collins Stewart Limited raised gross proceeds of
#50 million.  The Company's issued share capital comprises 50,000,000 ordinary
shares of 1p each (the "Shares").  In addition, 10,000,000 Warrants have been
issued to placees (on the basis of one Warrant for every five Shares
subscribed).  Each Warrant will give the right to subscribe for one Share in the
Company at 120 pence until 31 March 2011.


All the Shares and Warrants in the Company have today been admitted to trading
on the Alternative Investment Market of the London Stock Exchange.


The Company's objective is to provide shareholders with capital growth from
investing in a portfolio of companies whose business operations are based in
China.


The Company will be self managed in that day to day investment decisions will be
taken by the Executive Directors (Simon Littlewood and Victor Ng) with
investment support being provided to the company through a subsidiary of London
Asia Capital plc ("London Asia").  Simon Littlewood and Victor Ng are the
co-founders of London Asia, a leading China focused investment and merchant
banking group listed on AIM.  The Chairman of the Company is John Manser, the
former Chairman of Robert Fleming Holdings Limited.


The Company will seek to invest in profitable, well-managed businesses whose
business operations are based in China, and which the Executive Directors
believe could generate significant growth in profits from the investment of
additional capital.  The Company would normally expect to take a stake of
between 10% and 40% of the investee company with a shareholder agreement
governing the financing and expansion strategy of the investee company.


Simon Littlewood, who is also Chief Executive of London Asia, commented:


"We are very pleased that the fund has been so well received.  This has been the
ideal time to launch the Company, as UK investors are aggressively seeking to
access the opportunities that China offers.  With London Asia's network and
access to deal flow, I am very excited about the prospects for the Company."


                                     --oo--

For further information, please contact:


Simon Littlewood

London Asia Capital plc

Tel: [phone]



Hugh Field

Collins Stewart Limited

Tel: [phone]


15 March 2006

Collins Stewart Limited, which is authorised and regulated by the Financial
Services Authority in the conduct of investment business, is acting exclusively
for London Asia Chinese Private Equity Limited and for no-one else in connection
with the placing and will not be responsible to anyone other than London Asia
Chinese Private Equity Limited for providing the protections afforded to
customers of Collins Stewart Limited or for providing advice in relation to the
issue.


ENDS

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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