Stockmarket Report /Yesterday15 Nov 2007 09:25
Frankie 1, noticed this last night.......
Shares in London Asia (LDC), the Asia-focused investment group, surged 1.75p to 8.38p after it revealed it has agreed to sell its minority stake in LAC Zhongying at the original cost of around 12.4 million pounds after it faced significant problems due to regulatory changes in China. "The board believes that the capital freed up by the sale of the stake can be better deployed in the financial services businesses acquired earlier this year and in China financial services, where London Asia holds a 48% stake," said the company.