Plus Markets Group, the UK smaller companies exchange formerly known as Ofex, is turning to Asian companies in a bid to revive its fortunes.

The drive comes on the back of the acquisition today of a stake in the market by London Asia Capital, the AIM-listed Chinese investment and banking group. It has bought a 5.9% stake for £250,000 (€360,500) as part of a refinancing plan for the troubled UK exchange.