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LCP Lon.Asia China

13.00
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Lon.Asia China LSE:LCP London Ordinary Share GB00B0XF7K04 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 13.00 - 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

London Asia Chinese Private Eq.F Share Discussion Threads

Showing 76 to 98 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
14/2/2007
11:54
so that's all the cash gone. will they raise anymore?

London Asia Chinese New Investment


RNS Number:2441R
London Asia Chinese Private Equity
14 February 2007


14 February 2007


London Asia Chinese Private Equity Fund Limited
("LACPEF" or "the Fund")


Investment in Oil & Gas Business


LACPEF, the China focused investment fund, announces that it has 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. This investment
takes the total invested to date by the Fund to over #47 million, with all the
net proceeds of the fund raising last March utilised.


Founded in 2000, Wan Wei has spent six years developing what they believe is the
world's leading Ultra Short Radius ("USR") horizontal well drilling solution,
along with related well completion designs and special tools. The Company's USR
solution is designed to maximise the full potential of re-entry projects, able
to drill wells with arcs of 2.87m and build rates of 20 degrees per meter. The
solution is used to rejuvenate mature or marginal oil wells, and is considerably
cheaper than alternative solutions. The company has signed a number of
long-term contracts with Chinese oil companies covering thousands of wells in
China.


The funds invested will be used to support Wan Wei's existing contracts with
domestic clients and finance its overseas expansion, where it is seeking to
extend existing contacts into Indonesia and the Middle East.


Simon Littlewood, Executive Director of the Fund, said: "As sources of new oil
around the world become harder to find, the focus is on maximising existing
difficult or abandoned wells, for which this technology is designed. Chinese
oil producers are being driven to maximize production to meet growing demand
from Chinese industry and consumers. Wan Wei's patented, cost effective
technology is well positioned to take advantage of opportunities not only in
China, but worldwide."


For further information please visit www.londonasiafunds.com or contact:

John West/Matt Ridsdale Simon Littlewood Hugh Field
Tavistock Communications London Asia Capital Collins Stewart Limited
Tel: 020 7920 3150 Tel 020 7355 7928 Tel: 020 7523 8000

boonboon
12/2/2007
15:17
I've tried to list the investments as they were made. Please let me know if I miss any. I'm not sure how I would link to their prices?
buffin
12/2/2007
14:17
Just bought 15k warrants to tuck away and forget about. Is it possible to put a list of current investments which are listed in the header with some sort of link to prices ?
kimboy2
12/2/2007
11:05
More warrants than shares bought this morning.. sensible peeps
capt bligh
11/2/2007
23:20
Blow news for tomorrow, can you do news for 2008? :)
buffin
11/2/2007
21:19
some news for tomorrow

12 February 2007

London Asia Chinese Private Equity Fund Limited
("LACPEF" or "the Fund")

Asia Wind signs major agreement
Asia Wind Group Ltd. ("Asia Wind" or "the Company"), in which the Fund took a stake last November, announces that it has signed an agreement with Wuhan Guoce Science & Technology Co., Ltd ("Guoce") to work together on the financing and developing of wind energy projects in China with an initial capacity of 1,000 MW. The estimated investment required, should all the projects go ahead, is approximately £600 million.
Guoce, a Chinese wind turbine manufacturer and wind farm developer, has agreements in place with a number of local governmental authorities across China. These agreements give Guoce rights to develop and operate wind power projects with potential capacity of 2,300 MW as the project owner and developer, roughly equal to £1.3 billion of capital expenditure.
Under the agreement with Guoce, Asia Wind is the sole manager of the financing of the initial development phase of 1,000 MW, and will be responsible for introducing additional technology partners and structuring the Carbon Credits of the projects under the Clean Development Mechanism of the Kyoto Protocol. The Fund has an investment in China's leading advisor on carbon credits, China CDM Exchange Ltd, listed on the UK's PLUS market. Asia Wind has also been granted a first right of refusal to finance Guoce's additional 1,300 MW capacity of wind energy. Asia Wind also has the right to sell on and refinance projects developed by Guoce.
Commenting on the alliance, Christoph Löslein, Chief Executive of Asia Wind, said: "We are currently performing due diligence on the projects, following which we will seek to raise both debt and equity finance for them. Guoce's ability to produce the equipment cost effectively in China and its existing stream of projects make this an important step forward for the Company."
Simon Littlewood, Director of the Fund, commented: "There are significant opportunities available to Asia Wind, in addition to those with Guoce, which will require large amounts of finance going forward, and we are looking at various ways to secure this."
For further information please visit www.londonasiafunds.com or contact:
John West/Matt Ridsdale
Simon Littlewood
Hugh Field
Tavistock Communications
London Asia Capital
Collins Stewart Limited
Tel: 020 7920 3150
Tel: 020 7355 7928
Tel: 020 7523 8000
About Guoce
Wuhan, China based Guoce is a specialist company engaged in technical research and development, production and sale of electrical power testing and calibration instruments, microprocessor-based protection and ISA (integrated substation automation) systems. In 2006 the Company entered the wind power market, aiming to become a leading wind turbine manufacturer and wind farm developer in China.
About Asia Wind
Asia Wind is a Guernsey incorporated investment company focusing on the rapidly expanding wind energy sector in Asia, leveraging its access to leading edge Western technologies, finance and the market in Asia. For additional information on Asia Wind, visit www.asiawindgroup.com
Market Drivers
The main drivers for growth in the sector are:
•
rapidly rising energy demands in China and India (caused by high, sustained GDP growth);
•
high cost of fossil fuels;
•
increasing environmental concerns; and
•
wind energy is currently one of the most economically viable sources of renewable energy.
Through its recently implemented Renewable Energy Law, China requires its electricity utilities to increase the share of their energy portfolio from renewable resources more than five fold by 2010 (excluding large hydro power stations).
Each year, China requires additional electricity capacity almost equivalent to the entire production of the UK. In 2005 the Chinese Government increased its target for wind energy to 30GW by the year 2020, which would make it by far the largest wind market on the planet, and is roughly equal to US$30 billion of expenditure. In 2005 China had an installed base of only 1.2GW, up 59% from the previous year.
China stipulates that 70% of any wind project in China must be local value, which Asia Wind believes will fuel the development of the local Chinese wind turbine industry. The Global Wind Energy Council (GWEC) estimates that the total potential for wind energy in China and India is 250GW and 60GW respectively.

boonboon
06/2/2007
20:50
Agreed capt bligh. I know of a few of us from the Mike Walters BB who are invested in this via the warrants.

Looking at the investments made so far and the startegy, I think those who are prepared to sit on this for 2-3 years will do very well.

Cheers.
HG

highly geared
02/2/2007
16:37
RNS Number:6684Q
London Asia Chinese Private Equity
02 February 2007



LONDON ASIA CHINESE PRIVATE EQUITY FUND LIMITED

(the "Company")



Following its recent purchase of the Administration contract, Elysium Fund
Management Limited has become Company Secretary to the Company.


Enquiries to: Elysium Fund Management Limited
No. 1 Le Truchot
St Peter Port
Guernsey GY1 3JX

Telephone: +44 (0)1481 731 987

darkinbad
01/2/2007
10:04
Buffin,


I don't know the reason, but United Envirotech is up about 6% since the fund invested £4.9million 9 days ago. Maybe people are starting to see that this is underpriced.

boonboon
01/2/2007
09:50
A number of small trades. Have we been tipped somewhere?
buffin
01/2/2007
08:31
UE wins major new contract


LACPE Fund Singapore listed investee company United Envirotech has won a major Engineering Procurement and Construction (EPC) contract worth RMB130 million (£8.7 million) from China National Offshore Oil Corporation (CNOOC), beating 24 firms from China and overseas including some of the biggest players in the water treatment industry.

boonboon
28/1/2007
12:32
China admits to climate failings



If that's going to move up their domestic agenda, it shouldn't do our investments any harm.

buffin
23/1/2007
16:44
I would need a share price of 148p to be in profit on my warrants so I am a long-term player and will sit on mine as well.Prior to these ones I have never owned a warrant in my life but my understanding is that I have the right to convert up until the final conversion date. I am unaware of any provision that forces the warrant holder to convert.Even if it's just me and Buffin left holding our warrants I don't think we have to convert!( please enlighten me if I have got this wrong.)
The other related point here is What would happen to the terms of our warrants if they expanded the fund, which I think is a distinct possibility.
Any ideas anyone?
All the best

robsy2
23/1/2007
12:31
I plan to sit on mine.
buffin
23/1/2007
11:23
robsy,

they can't order it, but as the warrants are mostly held by the big institutions who originally supported the fund they could say they can make good use of the money and they have investmetns earmarked. i guess the shareprice would have to be over 120p for the warrant holders to consider it though.

boonboon
23/1/2007
10:52
Can they request that the warrants be converted?
robsy2
23/1/2007
07:33
seeing as the news serice doesn't seem to be working.

"Investment in water business


The London Asia Chinese Private Equity Fund has invested £4.6 million for a stake in Singapore Main Board listed United Envirotech.

United Envirotech Ltd is an environmental solution provider focused on the water and waste water treatment sector, primarily to large industrial parks and petrochemical companies, including Petrochina and Sinopec.

The third investment this year, this takes the Funds commitments to date to over £43 million, with the Board having given conditional approval for further investments which if made will utilise all the money raised by the Fund on listing".

ok so the fund is nearly fully invested. Will they issue more shares to increase the fund size? Or as the warrants are nearly in play will they request that these be converted? This will raise another £12million


"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"

boonboon
22/1/2007
08:09
i make that £38.6million invested so far.
boonboon
21/1/2007
10:17
See article in todays Sunday Telegraph, looks like should be some news tomorrow -
painting
19/1/2007
15:44
Londonasia newsletter, mentions some of LCP's investments so mightbe of interest her as well
boonboon
12/1/2007
07:46
From the LDC board.


rivaldo - 11 Jan'07 - 20:55 - 7370 of 7370

LCP receive a "Good value" verdict from the IC:



"The London Asia Chinese Private Equity Fund has only been going since March, but already there has been a slight change of emphasis. The early investments went to a hotch-potch of sectors, from property services to metal packaging. But since September it has focused on renewable energy. Investments include a solar energy company, a wind energy company and an emissions advisory company. The move is partly down to a change in regulations. China's government has made it harder for overseas investors to put money into Chinese companies, but the renewable energy sector is exempt from the change.

The fund raised £48m (net) when it was launched and has so far spent £32.5m of it on 11 deals - there's already a £10m profit on those deals. It has commitments to spend the rest of its cash so a further fundraising is likely."

"Trading at roughly the fund's 117p net asset value doesn't look so cheap. But there's plenty of potential and fund has been avoided some of the flak directed at Aim's Chinese plays as it's run by London Asia Capital, which has 32 offices in China. Such backing is more than many other Chinese investments can offer. Good value."

buffin
11/1/2007
16:09
Hi Captain
Yes good news indeed,for feedback go to ldc billboard.

robsy2
11/1/2007
13:58
Two very good bits of news ,missed by the market. New joint venture 85% owned by our investee ( 20%)
capt bligh
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