LCP Lon.Asia China

RNS Number:7776C
London Asia Chinese Private Equity
11 May 2006



11 May 2006

London Asia Chinese Private Equity Fund Limited

("LACPEF" or "the Fund")



First investments made


LACPEF, the China focused investment fund, announces that it has made its first
two investments, for a total consideration of #2.5 million.

The Fund has invested #2.0 million for a 19% stake in Dalian Business Institute
Ltd ("DBI"), a profitable Chinese education business based in Dalian, Liaoning
Province, China. DBI has six colleges and five faculties on the site, providing
3-year diploma, degree and distance learning courses. Being adjacent to Korea,
Japan and the far eastern area of Russia, Dalian is within the central region of
Northeast Asia. With this advantageous geographical position and convenient
transportation, DBI has been able to attract higher margin overseas students.
Dalian is the capital of Liaoning Province, and was recently voted the best city
in China to live

Victor Ng, director of the Fund, is joining the Board of DBI, which will be
seeking to list on the UK's Ofex stock market in the near future, sponsored by
London Asia Corporate Finance.  The funds invested will enable DBI to continue
to expand its facilities to meet growing demand for its courses. DBI produced
pro forma accounts for the year ended 31 July 2005 showing profits of #1.7
million.

The Fund has also agreed, subject to finalisation of terms, to invest an initial
#0.5 million for an approximate 10% equivalent stake in FENet, a leading Chinese
business intelligence ("BI") applications and solutions provider, based in
Guangdong Province. FENet's software products enable companies to analyse data
from various sources within an organisation to provide management with detailed
information for decision making and strategic purposes. Founded in 1995, FEnet
has branches in Beijing, Shanghai and Chengdu, with over 150 employees.  FENet
achieved profit after tax of #1.1 million for the year ended 31 December 2005.

John Manser, Chairman of LACPEF said: "Investor response to the fund has been
strong and so it is particularly pleasing that we are announcing our first two
investments. The managers have sourced promising investment opportunities and we
look forward to announcing further investments in due course."

Simon Littlewood, Executive Director of LACPEF, commented: "Following the
raising of the Fund in March, we have spent the last six weeks finalising the
investment terms on a number of transactions for the Fund, with these the first
two to reach closure. Both are established, profitable businesses with good
growth prospects in expanding sectors in China."


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


Hugh Field
Collins Stewart Limited
Tel: 020 7523 8000


About Dalian Business Institute

DBI is a Jersey incorporated company, with a 25 year contract for the management
of Dalian Business Institute in Liaoning Province, China ("DBIC").

Founded in 1997, DBIC is located in the hub of Dalian city in Liaoning Province.
It is a nationally accredited comprehensive three-year college focusing on
business and arts subjects, with its college diplomas recognised by the Chinese
Ministry of Education. There are currently over 5,000 students, based in the
campus in Liaoning Province, China. There are six colleges and five faculties on
the site, providing 3-year diploma, degree and distance learning courses in
eight specific areas: Business Management; International Trade; International
Accounting & Finance; Information Technology; International Tourism; Foreign
Languages; Business Laws; and Arts.



About FENet Co. Limited

Founded in 1995, FEnet is a leading provider of BI applications and solutions.
Headquartered in Guangdong Province, China, with branches in Beijing, Shanghai
and Chengdu, it has over 150 employees.  BI refers to the methodology designed
to analyse data from various sources within an organisation to provide
management with fast and reliable information for decision making and strategic
purposes.


Additional info can be found on the Company's web site www.fenet.com.cn





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