RNS Number:8527S
London Asia Capital PLC
04 December 2003

4th December 2003



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



New investment in profitable Chinese media business
Exercise of Beijing Success Option



London Asia is pleased to announce that it has acquired a 51% stake in a company
set up to acquire the operations of a profitable radio advertising business
based in Beijing, China.  The remaining 49% is held by Biaoqi Group and
management. The business sells advertising space on Beijing's popular traffic
radio station.  Following the acquisition, the business will be re-named Beijing
Biaoqi Oriental Advertising Ltd ("Oriental") to take advantage of the brand
developed by our existing media investments, Biaoqi Culture and Biaoqi
Advertisement, and operations integrated.



London Asia is taking appropriate Board representation, with Victor Ng, London
Asia's Director of China Operations and Mr Jiang, who runs London Asia's
existing Beijing Biaoqi Advertisement business, joining the Board.



Consideration for the acquisitions is being satisfied via the issue of 330,000
new London Asia ordinary shares of 5p each being issued at a price of 20p per
share.  Application has been made for the 330,000 shares to be traded on AIM.
Admission is expected on 10 December 2003.



On 31st October 2003 London Asia served notice under its option to acquire an
additional 26.2% in Beijing Success, the financial software business where the
Company already holds 24.8%.  The paperwork is currently being finalised and we
look forward to announcing the final terms of the deal in the near future.



Victor Ng, Director of China Operations said: "This new business is a good fit
with our existing investments in Biaoqi Advertisement and Biaoqi Culture, with
all three businesses located in Beijing and Mr Jiang now on the Board of all
three investee companies."



Simon Littlewood, Chief Executive of London Asia, said: "Following my recent
trip to China, we are performing due diligence on a number of investments
identified during the trip which will substantially increase the scale of our
investment activity in China, details of which should come through in the coming
months as we complete due diligence and finalise terms.





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. In October 2003
the Company raised #2.4 million via a private placing with institutional
investors.  The Company has offices and associates in London, China, Hong Kong,
Taiwan and Singapore.  Visit www.londonasiacapital.com for more information on
the Company.




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