London Asia Chinese Private Eq.F Share Discussion Threads

[gagner2006] 09/5/2006 11:34

are they traded warrants kam??

[kamitora] 09/5/2006 11:32

LCPW - LCP warrants

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.

[kamitora] 09/5/2006 11:21

Actually I think a lot of the best of the deal flow will go towards LCP, because it sounds like LDC are much more interested in fund management rather than direct investments these days. I was surprised to see no buying whatsoever in LCP after then Shanghai deal was announced - in fact, it's started to fall. I suppose LCP might have to wait until actual deals are announced. I'm keeping my stake in LDC but I'm holding LCPW as well now just in case that's where the explosive growth comes from in future.

[painting] 09/5/2006 10:53

Announcement from LDC yesterday must be good news for the Fund - some of the deal flow from the Shanghai Exchange should come the Funds way.

[cfol3] 02/5/2006 07:38

Schroders view on the £50m fund... encouraging:

[boonboon] 28/3/2006 12:17

The chairman buying warrants must be a good sign

[buffin] 23/3/2006 13:44

Thanks, boonboon, I've put those URLs in the header.

[boonboon] 23/3/2006 10:17

the prospectus can be downloaded here

An interesting extract.

"Deal Flow
The Executive Directors have, for some time, been investigating a number of potential investment opportunities that they believe meet the Company's investment objective. The existing pre-vetted deal flow exceeds £150 million of potential investment opportunities."

[gagner2006] 20/3/2006 20:22

yep, you're at the start of a long road that will take months. I imagine much is going on behind the scenes here though. One to hold and wait. Nice to have vast majority of the cap backed by cash though, and from LDC pre-fund my guess is that they have tonnes of new projects to invest in

[buffin] 20/3/2006 19:36

They've got to get invested and then start profitable exits, so I wasn't expecting anything short term - any other views?

[Abuse team] 20/3/2006 17:47

Post removed by ADVFN

[mangal] 20/3/2006 17:46

The warrants of LCP are now listed on this thread:

[boonboon] 16/3/2006 12:20

pretty quiet day so far.

[buffin] 15/3/2006 22:30

Welcome - what a great first day!

[buffin] 15/3/2006 22:26

Prospectus -

The fund raised £50m gross and was admitted to AIM on 15 March 06.There are 50m shares and 10m warrants. Each Warrant will give the right to subscribe for one Share at 120 pence until 31 March 2011.

11 May 06 "The Fund has invested £2.0 million for a 19% stake in Dalian Business Institute Ltd ('DBI').... The Fund has also agreed, subject to finalisation of terms, to invest an initial £0.5 million for an approximate 10% equivalent stake in FENet, a leading Chinese business intelligence ('BI') applications and solutions provider, based in Guangdong Province."

30 June 06 "The Fund is investing £1.9 million in China New Energy Ltd ('CNE'), a leading turnkey provider of production equipment and technologies for ethanol production in China; £2.9 million in China Synergy Real Estate Limited ('Synergy'), a leading real estate services firm based in Beijing; and £2.1 million [for a 31% stake] in China Biofoods, a health food products company."

6 Sept 06 "The Fund has invested a further £0.35 million [in CNE], bringing its total investment in CNE to date to £2.2 million for a 25% stake.... "

21 Sept 06 "Two new investments for a total of £14.2 million, making seven investments since the Fund closed on 15 March, with over £23 million of funds committed." In Canmake "The Fund has invested £4.9 million for a 20% stake". And "the Fund has acquired a 22% stake in Singapore listed Asia Water Technology, for a total consideration of £9.3 million in cash"

17 Oct 06 "Investing £2.1 million in China Solar Energy Co., Ltd."

17 Nov 06 "Investing £1.4 million for an 11.8% stake in Singapore listed Devotion Eco-Thermal Ltd.... With the recent tightening up of rules relating to the listing of Chinese assets and businesses overseas by the Chinese Government, we are increasingly focusing on investing in businesses which have already attained a listing or have restructured outside China to reduce the time taken to invest in and list our investments." (This was for sold in May 2007 "for net proceeds of £3.1 million, following the Funds investment of £1.4 million in November last year. The profit of approximately £1.7 million represents a return of over 120% in less than 6 months.")

23 Nov 06 "Investing £1.9 million for an 10% stake in China CDM Exchange Centre Ltd."

27 Nov 06 ""Investing £3.0 million for a 12% stake in Asia Wind Group Ltd" -

14 Feb 07 "invested £4.17 million in Wan Wei Oil & Gas Technology Ltd ('Wan Wei'), the innovative Chinese provider of oil drilling technology in the Asia Pacific region.

18 June 07 "has invested £2.7 million for a 25% stake in Hainan Zhengye Zhongnong High-tech Co., Ltd. HNZY develops, produces and sells environmentally friendly pesticides and fungicides. The Company has also developed a hybrid corn seed for the Chinese agriculture industry.