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.

More info


London Asia Capital, the Greater China-focused investment and merchant banking group, has announced the proposed launch of London Asia Chinese Private Equity Fund. The China-focused fund is seeking to raise up to 50m.
The fund will invest in Chinese companies in the energy and environment, financial services, TMT, education, pharmaceutical, chemical and consumer products sectors.

London Asia chief executive Simon Littlewood said, 'London Asia has an extensive network of offices and contacts across China. Our management team has a proven track record of investing in Chinese businesses and generating significant returns for investors, particularly via IPOs on established markets.

'To date we have more investment opportunities available to us than we are able to fund from our own resources. This fund will change that. The mix of deal flow, contacts and management experience, along with an established network of offices in the main international financial centres around the world, and seven offices in China staffed by local Chinese and Western trained professionals, means that London Asia is uniquely placed to launch a fund for investment in high growth private businesses in China,'

No rise so far today, still buys out way the sells

Any one know why the"DADDY" LDC has taken such a drop.

Results due April 18th they'll perk up again soon.

Tonker, you stated "this is LCP thread" to me the other day!!
I know!!! I'm invested in LDC who set up LCP.
LDC already have 19 investments in China and now have an income from LCP fund as well. Both good investments IMO.

Drifting down, lets hope for an uplift

sorry results are probably may/june-then we'll see them moving again-IMO.

how do you know the results are then, any idears as to how they will be?

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!