Project Description

China’s company listing on Singapore main board in 1999, whose principal business majors in operation and management of domestic power plants, however, its market performances after its listing were not good. Until March of 2005, LAC smoothly obtained 10% shares of Asia Power with low price through provision of value-adds. Moreover, LAC conducted a series of reconstruction to improve its business and management level. In 2005 net profit of Asian Power added up 86% compared with the net profit of 2004, £1.9m, to £3.5m, and it was listed as one of the most outstanding 1000 companies in Singapore. When exited Asian Power, the investors achieved remarkable returns. TCIB’s principles acted as consultants while with LAIB.