LED International Holdings Ltd Stmnt re Share Price Movement (2895K)

TIDMLED

RNS Number : 2895K

LED International Holdings Ltd

15 April 2015

15 April 2015

LED International Holdings Limited

(!--LED!.. or the !--Company!..)

Statement regarding share price movement

The board of directors of LED (the "Board..) notes the recent increase in the Company's share price. The Board is not aware of any reason that would lead to such a movement.

**Ends**

For further information:

 
 LED International Holdings Limited 
 Stephen Chan - Chief Executive Officer      [phone] 
 
 Allenby Capital Limited 
 Nick Naylor / Alex Price / Alex Brearley    [phone] 
 
 

Notes to Editors:

LED International Holdings Limited and its subsidiaries specialize in the provision of EMC contracts under which 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.

The Company's wholly-owned direct subsidiary, Green Pearl Leasing (China) Co. Ltd. operates a lease financing business having been granted a highly sought after leasing finance licence to enable the Group to provide lease financing to customers.

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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