Temporary Suspension

RNS Number:6436E
London Asia Chinese Private Equity
27 September 2007

27 September 2007



                     London Asia Chinese Private Equity Fund Limited

                                   (the "Company")



Temporary Suspension of Ordinary Shares and Warrants





Due to unforeseen requirements resulting from the audit process, the Company's
auditors have not yet completed the audit of the Company's financial statements
for the period ended 31 March 2007.  The Board has determined that fair value is
the appropriate measure to value the Company's investment portfolio, in
accordance with the Company's requirement under the AIM Rules to report under
International Financial Reporting Standards.  In light of their difficulty in
determining the increase in value of certain investments in China, and having
regard to the fact that the portfolio is based overseas and consists of a
significant proportion of private businesses, the Company's auditors feel it
prudent to obtain an independent valuation of the Company's investments by
specialists as part of the audit process.  A suitably qualified third party is
being appointed but the independent investment valuation will not be completed
before the end of the month deadline as set out in the AIM Rules.  The Board and
the Investment Consultant are working closely with the auditors to resolve these
outstanding audit matters.



The Board would like to remind investors that, as more fully documented in the
Admission Document, the Investment Consultant will only be paid any performance
fee earned to the extent that the Company has realised profits.



In accordance with the AIM Rules, the trading of all the Ordinary Shares and
Warrants has been temporarily suspended pending the publication of the Company's
audited financial statements for the period ended 31 March 2007.



I was appointed to the Board as Chairman on 24 July 2007. Whilst I am generally
comfortable with the Company's investments, the independent Directors have
initiated a review of the implementation of certain operational procedures,
which have also delayed the audit.  The Board is committed to ensuring that the
issues that impacted this year's audited financial statements will not affect
future reporting deadlines.  Meanwhile the results for the period ended 31 March
2007 will be announced as soon as the audit process has been completed and the
financial statements approved by the Board.



Roy Leighton

Chairman



Enquiries to:


John West/Andrew Dunn                      Hugh Field
Tavistock Communications                   Collins Stewart Europe Limited
Tel: 020 7920 3150                         Tel: 020 7523 8350




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