RNS Number:4621P
London Asia Capital PLC
08 September 2003

            LONDON ASIA CAPITAL PLC ("London Asia" or the "Company")



Record Profits From Chinese Investment



We are delighted to announce that Beijing Success Technology Co Ltd ("Success"),
the Chinese financial software company in which London Asia has a 25% stake, has
reported audited profits after tax for the six months ended 30th June 2003 of
#600,000, giving a profit after tax for the twelve months ended 30th June 2003
of over #1.2m.   These results show considerable growth in both turnover and
profits as a result of Success's expansion of its sales network into cities
across China.



When the Company took its stake in Success in November 2002, it was granted an
option to increase its stake in Success to 51%, on payment of #2.36m, with the
consideration payable one third in cash and two thirds in London Asia shares at
a price of 10p per share.  The original investment in Success totalled #163,000,
of which half was paid in London Asia shares, so that the total investment post
exercise of option will amount to approximately #2.5m, valuing the Success
business at only #4.95m, a multiple of only 3.8 times the profits to June 2003.



The Company has hired Cindy Lam as project manager in it's London office to
assist in the exercise of the Success option and the review of investment
opportunities in China.  Ms Lam is originally from Hong Kong where she worked
for J.P Morgan Securities and JP Morgan Fleming Asset Management as Project
Manager, her responsibilities including project managing the implementation of
new IT systems.  She has previously worked for EDS/Nedcor, Banque National de
Paris and the Hong Kong Government.  Ms Lam has a degree in Computer Science, an
MBA, and speaks English, French, Mandarin and Cantonese.



Said Simon Littlewood, Chief Executive of London Asia: "Despite the outbreak of
SARS earlier this year and the difficult global environment, Success has
continued to grow revenue and profits, demonstrating that with the right
management team and product, it is possible to tap into the vast potential of
the Chinese market.  Success is an example of the profitable, high growth
companies that the Company seeks to work with.  We are continuing our due
diligence on a number of other potential investments in China."





ENQUIRIES:



Simon Littlewood, Chief Executive 07802 857 287

Graeme Thom, Grant Thornton Corporate Finance 020 7383 5100







About Beijing Success Technology Co Ltd



Founded in Beijing in January 1999, Success provides securities analysis tools
and related data services in China.  Success began as a reseller of third party
securities analysis products, building up a network of customers, a sales team,
and experience in the market place, primarily in Beijing.  In late 2000, Success
launched its first product, M-Plan, a basic analysis product which it sold into
the Beijing market.   Since January 2002, Success has developed a series of
analysis products and services, from basic to highly sophisticated tailored
products, in parallel with the development of its own sales team and the
appointment of over twenty regional distributors to cover most of the major
cities within China.

Customers include private investors, securities companies, institutional
investors, listed companies, advisory companies, data service companies,
training institutes and media companies.  Prices vary from #120 for the basic
product for private investors to #4,600 for a full service system for
institutions.

Success is continuing to develop its product range, working with leading
software development houses in the sector in China, to ensure its products
continue to meet the developing market needs and expand its sales.  Recent new
products include Top Spinner (Gu Shi Dian Feng) and The Ultimate Analyzer
Professional Version (Mou Lue Ban).

Following the investment by London Asia in November 2002, Simon Littlewood and
Victor Ng (based in Beijing) were appointed to the Success Board to represent
London Asia's interests and assist in the development of the business.

Visit www.jxchina.com for additional information (Chinese language only).







About London Asia Capital plc



London Asia is an AIM listed (code LDC) investment business, focused on
investing in established, profitable businesses in the Greater China region
which have the potential to grow rapidly and benefit from the management skills
which the London Asia management team can bring, particularly our experience in
bringing businesses to capital markets both in Europe and Asia.  To date, the
Company has made four investments in China.

Investments are identified through the Board, two of whom are based primarily in
China, via the Company's team in Beijing, through a network of partners and
contacts built up over a number of years, and through our 25% owned associate
company, Temima China Investment Bank ("TCIB").  TCIB is a China based
investment and finance firm managed by an international team of staff from
China, the UK, Singapore and Taiwan who have considerable experience in
identifying investment opportunities in the Greater China market.

Visit www.londonasiacapital.com for information on the Company, and
www.temimachina.com for information on TCIB.




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