LED Led Hldgs

TIDMLED

RNS Number : 8368J

LED International Holdings Ltd

22 December 2015

22 December 2015

LED International Holdings Limited

("LED" or the "Company")

Statement re. suspension of trading in the Company's shares on AIM

The board of directors of LED announce that it has become apparent that the Company will not be in a position to publish its audited report and accounts for the year ended 30 June 2015 by 31 December 2015 in accordance with the AIM Rules for Companies. As a result, the Company's shares have been suspended from trading on AIM as of 7:30 a.m. today pursuant to AIM Rule 19. The suspension will remain in place until the Company's audited report and accounts for the year ended 30 June 2015 have been published and posted to shareholders.

A further announcement will be made in due course.

**Ends**

For further information:

 
 LED International Holdings Limited 
 Stephen Chan - Chief Executive 
  Officer                              +852 2243 3100 
 
 Allenby Capital Limited 
 Nick Naylor/John Depasquale/Alex      +44 (0) 20 3328 
  Brearley                              5656 
 
 

Notes to Editors:

LED International Holdings Limited and its subsidiaries specialize in the provision of EMC contracts under which the group (the "Group") installs energy saving products in its customers' premises, including lighting and reactance filtering equipment supplied by the Group, and the subsequent savings made by the customers in their electricity charges are then shared between the Group and the customers thereby enabling the Group to generate recurring revenue rather than one-off sales revenue. Historically, the Group's business has been the development, manufacture and sale of low-powered light-emitting diode ("LED") display screens and modules.

Under EMC contracts, the Group provides energy efficiency solutions, including LED lighting, reactance filtering energy saving and other energy efficiency solutions. Specifically, the Group overhauls its customers' existing lighting and power consumption systems (which are based on traditional lighting technology and power generation equipment) with proprietary LED lighting products, reactance filtering equipment and other solutions provided by the Group. These energy efficiency products are installed in customers' premises. The Group bears all the upfront costs associated with the supply and installation of the energy efficiency solutions and these costs are then recouped by sharing in the monthly energy savings generated by the customers' use of the energy efficiency solutions over the period of the contracts. The Group receives revenue from customers on several different payment terms including on a pre-payment, monthly or quarterly basis.

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

STRUUSBRVSAUURA

(END) Dow Jones Newswires

December 22, 2015 02:55 ET (07:55 GMT)

Led Hldgs (LSE:LED)
Historical Stock Chart
From May 2024 to Jun 2024

Led Hldgs (LSE:LED)
Historical Stock Chart
From Jun 2023 to Jun 2024