More info....

Edited Press Release

LONDON -(Dow Jones)- London Asia Chinese Private Equity Fund whose objective is to provide shareholders with capital growth from investing in a portfolio of companies whose business operations are based in China, said Wednesday that it plans to float on AIM on March 15.

The company plans to issue up to 50 million Ordinary shares of 1 pence each at 100 pence per Ordinary share and raise up to GBP50 million.

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, it said.

It is expected that the company will not invest more than 20% by value of the company's gross assets (at the time of the acquisition or loan) in any one group, although there is no guarantee that this will always be the case.

I mean the results of the parent co. LDC are due end of May/June-counting forward from the interims in Nov. I expect interest to rise then and good results because they've got some cracking investments without the new fund as icing on the cake!