LDC London Asia

RNS Number:0717F
London Asia Capital PLC
03 October 2007



For immediate release: 3 October 2007


                            LONDON ASIA CAPITAL PLC

                        ("London Asia" or "the Company")


                            
Offer to sell Shares


London Asia Capital PLC (LDC.L) the Asian focused investment group has today
posted a circular to shareholders outlining details of an opportunity for them
to acquire certain shares owned by London Asia in certain of its investee
companies. The circular can be downloaded from the Company's website at
www.londonasiacapital.com.


The Board of London Asia has decided to make this offer as it is pursuing an
accelerated disposal strategy, which could bring in cash and enable the Company
to book profits on the disposal of Shares to clear the deficit on the profit and
loss revenue account, which could put it in a position to buy back shares in the
Company or return cash via dividends in the future.


Jack Wigglesworth Chairman of London Asia commented: "Despite the success of our
investment strategy, and the on-going disposal strategy which saw us realise
#4.6 million from sale of investments in 2006, the Company's share price has for
some time been trading significantly below the Company's reported net assets.
Your Board has been looking at various ways of addressing this discount and
returning value to Shareholders. Given the cash constraints, and the deficit on
the profit and loss reserve Account from historic losses incurred primarily
prior to the current management team taking over in 2002, the Company is
restricted in its ability to pay dividends or buy back its own shares."


He added: "Given the relatively large stakes that London Asia holds in its
investee companies, and the desire to dispose of holdings of shares in these
companies in a short period of time, it is likely that shares will need to be
disposed of at a discount to their trading value. The Board has therefore
decided to offer Shareholders the opportunity to acquire some of the shares
being sold at a discount to current trading price."


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


Jack Wigglesworth / Cecilia Wong  John West/Andrew Dunn        Jonathan Wright
London Asia Capital plc           Tavistock Communications     Seymour Pierce
Tel: +852 2251 8373               Tel: 020 7920 3150           Tel 020 7107 8050







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

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