CALGARY, ALBERTA--(Marketwire - Nov. 29, 2010) - CanAsia Financial Inc. ("CanAsia" or the "Company") (TSX VENTURE:CNA.P) is pleased to announce that further to the press release of the Company dated June 8, 2010, the Company has completed its previously announced Qualifying Transaction with Mr. Cheng Chak-Sun Jacky ("Cheng"), a Hong Kong SAR resident and Mondeo Development Group Ltd. ("Mondeo"), a company incorporated under the laws of the British Virgin Islands, to purchase all of the issued and outstanding securities of Mondeo and its subsidiaries (the "Transaction").