12th Feb 2010 12:30
12 February 2010
LED International Holdings Limited
("LED" or the "Company")
Placing of New Ordinary Shares
LED is pleased to announce that, on 10 February 2010, it placed 5,000,000 new ordinary shares of HK$0.10 each ('the Placing Shares') at a placing price of 1.5 pence per Placing Share, raising £75,000. The placing proceeds will be used to augment LED's working capital position.
Application will today be made for the Placing Shares to be admitted to trading on AIM, and admission is expected to become effective on 19 February 2010. Following the issue of the Placing Shares the Company's issued share capital will be 256,658,489 ordinary shares.
**Ends**
For further information:
LED International Holdings Limited |
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Stephen Chan, Chief Financial Officer |
+852 2243 3100 |
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|
Strand Hanson Limited |
|
James Harris / James Spinney |
+44 (0) 207 049 3494 |
Notes to Editors:
LED International Holdings Limited 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 Company'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 Company's strategy in 2007 was to widen its customer base to markets outside PRC.
The Company was originally listed on AIM, a market operated by the London Stock Exchange, on 23 October 2006. For more information, please visit: http://www.led-intl.com
Related Shares:
Led International Holdings