LED Intl says Sino Boost agrees to subscribe for 29.69 mln shares at 1p each

LED International Holdings Ltd. said Sino Boost International Holdings Ltd. has agreed to subscribe for 29.69 million shares in the LED display and lighting company at 1 pence each, for a total consideration of 296,921 pounds.

With the subscription, Sino Boost International is boosting its stake to in the AIM-listed company 16.67 percent.

LED International Chairman Thomas Li said, "Following the reorganisation of the company in February 2008, we believe we are now well positioned to grow LED International both organically and through acquisition, and are committed to the creation of enhanced shareholder value."

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