RNS Number : 0906W
LED International Holdings Ltd
05 June 2008
5 June 2008
LED International Holdings Limited
("LED International" or the "Company")
Subscription for Shares
LED International Holdings Limited (AIM: LED), a leading provider of LED display and
lighting products, is pleased to announce today
that Sino Boost International Holdings Limited (the "Subscriber") has agreed to subscribe for
29,692,084 new ordinary shares of HK$0.10
("Ordinary Shares") each in the Company (the "Subscription Shares") at a price of 1p per Share
(the "Subscription Price") for a total
consideration of £296,921.
Upon admission to AIM of the Subscription Shares, the total issued share capital of the
Company will be 178,152,504 Ordinary Shares. At
this time, Sino Boost International Holdings Limited will be interested in 16.67% of the
issued share capital of the Company.
Mr Thomas Li, Chairman of LED International commented, "We are delighted to welcome a new
shareholder into LED International. 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."
Further information on the Subscription
The number of Subscription Shares to be allotted and issued under the Subscription is
within the number of ordinary shares which the
directors of LED International have authority to allot and free from statutory rights of
pre-emption, pursuant to existing authorities
granted by shareholders of LED International at the last annual general meeting of the Company
held on 18 February 2008.
Application for the admission to AIM of the Ordinary Shares allotted above will be made
and dealings are expected to commence on 11th
June 2008. The Ordinary Shares will, on admission to AIM, rank pari passu with, and will be
identical in all respects to, the existing
ordinary shares of the Company.
For further information please contact:
LED International +852 2810 4470
www.led-intl.com
Dennis Ow, Executive Director
Zimmerman Adams International +44 (0) 207 060 1760
Dominique Doussot / Charity Walmsley
www.zimmint.com
ICIS +44 (0) 207 651 8688
Caroline Evans-Jones
Notes to Editors:
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 was 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
END
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