LCP Lon.Asia China

RNS Number:8199Z
London Asia Capital PLC
15 March 2006

For immediate release: 15 March 2006


                            LONDON ASIA CAPITAL PLC
                                        
                                        
         Private Equity Fund Fully Subscribed and Begins Trading on AiM


London Asia Capital plc ("London Asia"), the Greater China focused investment
and merchant banking group, is pleased to announce that the London Asia Chinese
Private Equity Fund Limited ("the Fund") successfully raised the #50 million it
was seeking and begins trading on AiM today. Collins Stewart Limited is acting
as broker and nominated adviser to the Fund.


The objective of the Fund, which is a Guernsey registered company, is to provide
shareholders with capital growth from investing in a portfolio of companies
whose business operations are based in China.


The Fund will be self managed in that day to day investment decisions will be
taken by Simon Littlewood and Victor Ng, who are Executive Directors of the
Fund. The Chairman of the Fund is John Manser, the former Chairman of Robert
Fleming Holdings Limited.


London Asia is investment consultant to the Fund, utilising its network of
offices and staff both within and outside China. London Asia will receive an
annual management fee of 2.0% of the net asset value of the Fund, equal to #1
million in the first year, and a 20% share of the increase in net asset value of
the Fund, provided the Fund generates a minimum 6% compound growth per annum.


The Fund will primarily focus on investment in profitable businesses in China
that are seeking additional working capital to fund expansion, or are looking to
list on capital markets worldwide. London Asia has already identified over #150
million of investments that potentially meet the Fund's investment criteria from
its existing deal flow, sourced from its teams in seven offices across China.
London Asia has given an undertaking that it will not invest in any investment
opportunity without giving the Fund first right of refusal to invest.


Simon Littlewood, Chief Executive, London Asia Capital plc said: "We are
extremely encouraged by the high level of investor interest in the fundraising,
which was oversubscribed. Identifying, investing in, advising and ultimately
exiting Chinese businesses is the cornerstone of our business model. We have had
great success in the past investing from our own resources, and we look forward
to replicating that success in the Fund."


He added: "We have increased the size of our business over the last six months
in anticipation of the increased activities of our fund management arm, and now
have over 50 full time staff in 14 offices around the globe. The additional
capital in the Fund and fees generated from it will enable us to expand London
Asia's activities much more rapidly than we have been able to in the past, to
take advantage of the huge number of opportunities that our unique
infrastructure and business model generates."


                                    - ends -


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

John West/Matt Ridsdale                  Simon Littlewood
Tavistock Communications                 London Asia Capital plc
Tel: 020 7920 3150                       Tel 020 7248 7578







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

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