Update on investments
30 September 2003 - 6:08PM
UK Regulatory
RNS Number:3288Q
London Asia Capital PLC
30 September 2003
30th September 2003
LONDON ASIA CAPITAL PLC ("London Asia" or the "Company")
Beijing Success new initiative with large media group
Biaoqi Culture film wins award for Best Documentary
Beijing Success Technology Co Ltd ("Success"), the Chinese financial software
company in which London Asia has a 25% stake with an option to increase the
stake to 51%, has reached agreement with China-Morning Information News Group ("
MIN"), a popular securities media group, to provide training courses for people
interested in investing in the securities and futures markets in China. MIN
will advertise the training courses through its media network, and is
responsible for recruiting students for the courses. The training, text books
and design of the course will be done by existing Success staff, and will take
place in the offices of Success's distributors, which cover twenty of the
largest cities in China. MIN is one of the largest Chinese financial
publishers, with its newspaper, Information Morning, having an estimated
subscription of over 20 million people each month. For information on MIN,
visit www.infomorning.com (Chinese language only).
Beijing Biaoqi Culture Development Ltd ("Biaoqi Culture"), the Chinese
publishing and media company in which London Asia has a 51% stake, has won the
award for the Best Documentary in the Ninth Ornamental Pillar Awards issued by
the Chinese Government, which is one of the highest government awards in the
industry. The documentary is about the charming scent, culture and history of "
Gu Lang Yu", a famous small island in China.
Simon Littlewood, Chief Executive of London Asia, said: "The new initiative with
MIN will greatly expand the market recognition of Success's products and its
brand within China, which should lead to additional sales and profits. We are
delighted that Biaoqi Culture continues to be recognised for its quality
products in its core focus of cultural information, an area likely to expand as
China gears up for the influx of tourists and overseas visits leading up to the
2008 Beijing Olympics."
ENQUIRIES:
Paul Quade, City Road Communications Tel 020 7334 0243
7th Floor, Roman House
Wood Street
London EC2Y 5BA
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. The Company has
offices and associates in London, China, Hong Kong, Taiwan and Singapore. Visit
www.londonasiacapital.com for more information on the Company.
About Beijing Success Technology Co Ltd
Success provides a range of securities analysis tools and related data services
in China. Customers include private investors, securities companies,
institutional investors, listed companies, advisory companies, data service
companies, training institutes and media companies. Visit www.jxchina.com for
additional information (Chinese language only).
About Beijing Biaoqi Culture Development Ltd
Founded in 1995, Biaoqi Culture is a Beijing based publishing and media group,
primarily focusing on Chinese economic and cultural information. It has won
several awards for its productions. Visit www.biaoqigroup.com for additional
information (Chinese language only).
This information is provided by RNS
The company news service from the London Stock Exchange
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