LDC London Asia

London Asia Capital PLC
13 March 2007


13 March 2007


                            LONDON ASIA CAPITAL PLC
                                        
                                        
                  New Contract wins at Investee Companies and
                                        
              PLUS Market Listing for Aluminium Recycling Business


London Asia Capital plc ("London Asia" or "the Company") the UK listed (AIM:
LDC.L) Asia focused investment and merchant banking group, is pleased to provide
an update on recent activities at its clients and investee companies, including
recent record results for Asia Power, new contract wins for investee companies
Beijing Biaoqi Century Data Communications Technology Co., Ltd ("Century Data")
and China MobileNet Ltd Co. ("CMNO"), and the successful PLUS market listing of
China Changfa Alumina Recycling Limited ("Changfa Alumina"), where London Asia
Corporate Finance acted a corporate adviser.


Asia Power Corporation Ltd ("Asia Power")

Asia Power announced a record net profit of S$19.9 million (2005: S$10.1
million) for the financial year ended 31 December 2006. The success was
primarily due to the management's decision to refocus core businesses on
environmentally friendly and renewable energy power plants, with the main focus
being on the hydroelectricity sector.


Other financial highlights include:

                            FY 2006 (S$ m)    FY 2005 (S$ m)   % Change
Revenue                     121.3             98.1             +23.6
PBT                         33.1              11.8             +180.7
Net Attributable Profit     19.9              10.1             +96.2
EPS (cents)                 5.62              2.90             +93.8




Century Data contract win

Century Data, the SMS application provider of value added SMS services directly
to users in China in which London Asia is a shareholder, has entered into a
major new agreement for the launch of a wireless network platform for China's
sensors and instruments industry. The market for sensor and instrument users in
China was an estimated 4 billion units in 2006, with an annual growth rate
projected to be over 10%.


Under the terms of the agreement, a new company will be formed which will be the
cornerstone of a key national project to develop a wireless network platform
using Century Data's Machine to Machine (M2M) wireless network technology. The
platform will transfer, store and analyse collected data from registered
instrument users through a range of possible transmission mediums, such as 3G,
GSM and the internet. Century Data will be the largest shareholder of the new
company. As part of the agreement, 35 of China's key Ministries have agreed on a
schedule to use the wireless network platform for all their sensors and
instruments.


China Mobilenet major projects

PLUS listed investee company China Mobilenet has been awarded two new contracts.
The first is a contract to build and maintain an electronic platform that links
consumers directly with after-sales service centres of product manufacturers.
This platform (the "National Electronic Consumer Goods After-Sales Service SMS
Platform") allows consumers to send the name of the manufacturer with which they
have problems to the platform, which automatically notifies the appropriate
manufacturers' after-sales service centre responsible for the follow-up.


China Mobilenet charges the sales services centres a fee for every SMS sent by
consumers. The Ministry of Information for Industry is expected to introduce new
regulations on after-sales service standards, mandating that all electronic
product manufacturers link their respective after-sales service system with this
platform.


The second contract is to build and maintain an SMS platform aimed at guiding
consumers who wish to recycle or dispose of unwanted electronic products. The
platform will allow consumers to communicate with the manufacturers of
electronic products, who will offer guidance on ways to safely recycle or
dispose of unwanted products


PLUS Markets Listing of Changfa Alumina

London Asia sponsored the listing of China Changfa Alumina on the UK's PLUS
Stock Market, the eleventh listing of an Asian business on PLUS that London Asia
Corporate Finance has sponsored to date.


Incorporated in Jersey, Changfa Aluminas' operations are based in Shaanxi
Province, China. It is one of the few companies in China which recycles alumina
waste, producing high silicon aluminium using its proprietary electrolytic
technology.


Simon Littlewood, Chief Executive of London Asia, said: "We are delighted by the
continued progress shown across our portfolio of investee companies, whose focus
on the Energy and Environment, and consumer and services sectors in China mean
that it is benefiting strongly from the strong economic growth within China, and
is less dependent on the fluctuations in the capital markets and strength of
Western economies."



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 7355 7928






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

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