RNS Number:3783G
LED International Holdings Ltd
25 October 2007
LED INTERNATIONAL HOLDINGS LIMITED
("LED International" or "the Company")
Issue of Equity
LED International, the AIM listed (LED.L) manufacturer of LED screens and
related products is pleased to announce the placing of 6,843,503 new ordinary
shares of HKD0.1 each with a strategic investor at 3 pence each, raising gross
proceeds of #205,305. The proceeds will be used to fund expansion of the
business.
Application has been made for the new ordinary shares to be admitted to trading
on AIM. The new ordinary shares will rank pari passu with the existing ordinary
shares in the Company and trading of the new ordinary shares on AIM is expected
to commence on 31 October 2007.
The total number of ordinary shares in issue following this issue is
143,713,568.
-ends-
For further information:
LED International +852 2810 4470
Ka Lok Jim
Conduit PR +44 20 7429 6609
Christian Taylor-Wilkinson
Blue Oar Securities
Justin Lewis +61 9607 8439
Notes to Editors:
Information on LED
LED International and its subsidiaries specialise in the development,
manufacture and sale of low powered / low maintenance LED screens and other LED
products such as outdoor signs, lamps, lighting and building illumination. The
screens are manufactured in a 'building block' format to a specific design,
which allows screens to be assembled to suit a customer's size and definition
specifications.
This design also ensures that the screens are relatively easy to transport and
assemble. Based in Hong Kong, the Group's primary market has been the People's
Republic of China ("PRC"), but it has also supplied end products to Macau, Japan
and the USA. Part of the Group's strategy in 2007 is to widen its customer base
to markets outside PRC.
The Company listed on AIM, part of the London Stock Exchange, on 23 October
2006.
This information is provided by RNS
The company news service from the London Stock Exchange
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