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London Hong Kong Exchange PLC announces investment in LioLed B.V.

ID: 1022944
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(businesspress24) - London Hong Kong Exchange PLC announces investment in LioLed B.V.

London/Zurich, Tuesday 19th April 2011. London Hong Kong Exchange PLC (LHKX) is pleased to announce today that it has successfully finalized the negotiations on an irrevocable offer for a strategic investment in LioLed B.V. for up to 37.5% of the LioLed share capital, with the understanding that an additional investment might be realized in the future.

LioLed B.V. is a leading producer of LED lighting systems, based in The Netherlands. The company has a broad international customer base. It owns strong patents for power supply systems for LED’s and co-operates with one of the largest LED manufacturers in China.

The company’s product provides significant energy-savings, both in public and commercial lighting systems. A unique feature of its high-efficiency product is the low heat emission.

The company expects to achieve in the current year 2011, revenues of €30 million and anticipates, based on the strong and growing demand from the market, substantial higher sales volumes in the coming years. The company is debt-free and operates cash-flow positive.

LioLed is optimistic about realizing its growth scenario because the investment by London Hong Kong Exchange PLC will allow the company to strengthen its operations and product development.

The investment will be made though the combination of a payment in cash and newly issued shares of LHKX, allowing LioLed to pursue its goals.

The board of London Hong Kong Exchange PLC is excited about this new participation and the prospects for the companyand is convinced that this investment fits very well in its revised strategy.

LONDON HONG KONG EXCHANGE PLC
51-53 Great Marlborough Street
London W1F 7JT
United Kingdom
Tel: +41 44 251 1610
Email: press(at)lhkx.co.uk


The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements» that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.





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LONDON HONG KONG EXCHANGE PLC

37th Floor
1 Canada Square
Canary Wharf
London E14 5AA
Tel: +44 20 7 193 3853
Email: press(at)lhkx.co.uk



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Date: 04/19/2011 - 07:08
Language: English
News-ID 1022944
Character count: 0
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Firma: London Hong Kong Exchange Plc
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Stadt: Wien
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