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Receipt of placing funds

18th Oct 2011 08:30

RNS Number : 3554Q
LED International Holdings Ltd
18 October 2011
 



18 October 2011

LED International Holdings Limited

("LED" or the "Company")

 

Placing of New Ordinary Shares

 

LED is pleased to announce that it has received the full placing sums of RMB2,500,000 (approximately £252,000) in respect of a placing of 12,500,000 new ordinary shares of HK$0.10 each (the "Placing Shares") at a placing price of RMB0.20 (approximately 2.0 pence) per ordinary share, (the "Placing Price") raising RMB2,500,000 (approximately £252,000), further details of which are contained in the announcement made by the Company on 11 October 2011 (the "Placing"). The Placing Price represented a 321 per cent. premium to the closing mid-market price of 0.475p on 7 October 2011, being the last practical date before the Placing.

 

An application will be made for the Placing Shares to be admitted to trading on AIM and it is expected that dealings will commence on 24 October 2011. Following the issue of the Placing Shares the Company's issued share capital will be 366,238,267 ordinary shares of HK$0.10 each. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company.

 

**Ends**

 

For further information:

 

LED International Holdings Limited

Stephen Chan - Chief Executive Officer

+852 2243 3100

Allenby Capital Limited

Nick Naylor / Alex Price

+44 (0) 20 3328 5656

 

Notes to Editors:

 

LED International Holdings Limited and its subsidiaries specialise in the development, manufacture and sale of low powered led screens, outdoor signs, lamps, lighting and building illumination; and high powered / medium powered led energy efficient indoor and outdoor lighting products.

 

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
 
END
 
 
ROIUWABRAKARARA

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