LONDON (Thomson Financial) - LED International Holdings Ltd. said Sino Boost
International Holdings Ltd. has agreed to subscribe for 29.69 million shares in
the LED display and lighting company at 1 pence each, for a total consideration
of 296,921 pounds.
With the subscription, Sino Boost International is boosting its stake to in
the AIM-listed company 16.67 percent.
LED International Chairman Thomas Li said: "Following the reorganisation of
the company in February 2008, we believe we are now well positioned to grow LED
International both organically and through acquisition, and are committed to the
creation of enhanced shareholder value."
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