GCH Green China

RNS No 4989j
GOLF CLUB HOLDINGS PLC
25th September 1998

The board of Golf Club Holdings PLC (the "Company") announces
that a circular is today being posted to shareholders of the
Company seeking their approval to a proposed reduction of the
Company's share capital and share premium account.  The purpose
of the reduction is to eliminate the deficit on the Company's
profit and loss account.  As a result of this deficit, the
Company is currently legally prohibited from paying any
dividends to shareholders.

The reduction of the Company's share capital and share premium
account requires the approval of ordinary and preference
shareholders and also the separate approval of deferred
shareholders.  An Extraordinary General Meeting of the Company
and a Separate Class Meeting of deferred shareholders are being
convened for Wednesday, 21 October 1998 at which the necessary
approvals will be sought.   The proposed reduction is also
subject to confirmation by the High Court.



Contact:

Martin Knight, Chairman       0171 491 4652 or 0860 553 455


Copies of the circular will be available to the public free of
charge from the office of Grant Thornton AIM Team, Grant
Thornton House, Melton Street, Euston Square, London NW1 2EP
during normal office hours, Saturdays, Sundays and bank holidays
excepted, for 14 days from today.


END

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