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Placing and Allotment of New Ordinary Shares

26th Apr 2010 10:00

RNS Number : 7627K
LED International Holdings Ltd
26 April 2010
 



 

26 April 2010

 

 

LED International Holdings Limited

("LED" or the "Company")

 

Application for shares to be admitted to trading on AIM

 

Following the announcement made by the Company on 22 March 2010, in which it confirmed, inter alia, that it had placed 78,000,000 ordinary shares of HK$0.10 each in the Company (the "Ordinary Shares") (the "Placing Shares") and that a further 19,320,000 Ordinary Shares had been issued to Mr. Weng Xiao Yong as nominee for Sun Wah Enterprise Investment Holdings Limited in respect of the acquisition of Kepu Electronic Technology (Shenzhen) Company Limited (the "Consideration Shares"), the Company confirms that application for admission of the Placing Shares to trading on AIM has been made and is expected to take place on 30 April 2010. The Consideration Shares will be issued and allotted to Mr. Weng following the receipt by the Company of his confirmation to accept the allotment, at which time application will be made for those shares to be admitted to AIM.

 

The Company therefore confirms that the issued and allotted share capital of LED, following admission of the Placing Shares, is made up of 336,238,267 Ordinary Shares.

 

 

**Ends**

 

For further information:

 

LED International Holdings Limited

Stephen Chan - Chief Financial Officer

+852 2243 3100

Strand Hanson Limited

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

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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