08:58     NIPPON ASIA INV<00603> - Share Consolidation                        

    Market participants are requested to note that the ordinary shares of HK$ 
    0.025 each ("Old Shares") in the capital of Nippon Asia Investments       
    Holdings Limited will be consolidated into ordinary shares of HK$0.01 each
    (after Capital Reduction) ("New Shares") on the basis of 10 into 1 subject
    to its shareholders' approval at the Special General Meeting to be held on
    04/04/2005. Upon the proposals becoming effective, a temporary counter    
    under stock code 2970 and stock short name "NIPPON ASIA INV" will be      
    established for trading in board lots of 200 New Shares each to replace   
    the present counter (stock code: 603) for trading in board lots of 2,000  
    Old Shares each effective from Wednesday, 06/04/2005.