New Shenzhen is purchased by LED International for HK$5.5 mln cash and shares

Recently, LED International Holdings Ltd. said it is buying New Shenzhen, a Chinese LED products maker, for HK$5.5 million cash and shares. That is that it will pay HK$3.0 million cash over three years and issue 16 million new shares.

New Shenzhen made an aftertax profit of 70,000 pounds on sales of 652,000 pounds in 2007 and is trading in line with management expectations in the current year LED, LED International said the purchase will broaden its product offering and give it access to new intellectual property.

Keywords:

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.