London Asia Chinese Equity Fund Limited

Company Name: London Asia Chinese Equity Fund Limited
Stock Market: AIM (LON: LCPW)
Industry Sector: Miscellaneous Financial Services
Market Capitalisation: £4.0 million (as of Mar 12, 2009)
Operating Income: £2.1 million (loss) (as of March 31, 2008)
Net Income: £5.139 million
Total Assets: £76.234 million

Key People
Rhys Davies (non-executive chairman of the board), Simon Littlewood (executive director)
Headquarters Address: 5th Floor 35 Park Lane, London, W1K 1RB United Kingdom
Website Address: www.chinagrowthopportunities.com

Company Profile
London Asia Chinese Private Equity Fund Limited (London Asia) is an investment company based in United Kingdom. It was listed under Alternative Investment Market of London Stock Exchange with the trading symbol, LCPW.

China Growth Opportunities Limited, formerly known as London Asia Private Equity Fund Limited, is engaged in making investments in businesses that operate in China. It primarily makes investments in companies whose operations are focused on energy development, agriculture, water, clean technology, consumers and services sectors, and others. The company undertakes its business operations by providing shareholders with the needed capital.

The company’s operations are focused on China. However its head office is at 5th Floor 35 Park Lane, London, W1K 1RB, United Kingdom.

Current Financial Overview
Operating under the name London Asia Chinese Private Equity Fund, the company has made some undertakings to improve its business. Among them was the company’s disposal of its 11.11% holding in Asia Wind Group Limited in exchange of a cash consideration of £2.0 million. The company was also notified that Initial Investment Management (Global) Limited, a subsidiary of HBOS Plc, reduced its holdings in the company, representing 20.419% of London’s issued share capital. Another investor of the company is QVC Financial LP, which is interested in the company’s more than 9.43 million ordinary shares or 18.86% of the issued share capital.

To improve its business, London Asia, through its investee company, Asia Clean Energy Company Limited, entered a joint agreement with United States-based Caterpillar, Shanxi Xinhe Energy Co. Ltd., and State Power International Finance & Trade Corporation Limited of China. The agreement includes the development of Clean Development Mechanism (CDM) projects in China. Through the consortium, a 300MW Coal Mine Methane power generation project will be developed in Shanxi Province.

To widen its operations, London Asia also made investments with other companies. Among them was with Hainan Zhengye Zhongnong High-tech Co., Ltd., a company that focuses on the development, production, and marketing of fungicides and pesticides that are environment friendly. Also, to attain the company’s objective of utilising all its resources to their fullest extent, the company sold its stake in Devotion Energy Group Limited for a net proceed of £3.1 million.

Business for London Asia proved to be profitable. This was evidenced in the income statement of the company. It was reported that London Asia generated a net profit from its operations ending March 30, 2008, which amounted to £5.1 million. This, however, was lower than the company’s 2007 operations. Nevertheless, the company is still in good financial standing with its total assets of £76.2 million as of March 31, 2008. If you run a company, find out the benefits of ssd as a faster alternative to standard hard drives.