(PAQ.L) PAQ International Holdings Ltd Buy/Sell

RNS Number : 5734W PAQ International Holdings Limited 30 July 2009

30 July 2009

PAQ International Holdings Limited (the 'Company')

Issue of Equity

The Company, is pleased to announce that Noah Concept Limited (the "Subscriber") has agreed to subscribe for 3,954,049 new ordinary shares of US$0.01 ("Ordinary Shares") each in the Company (the "Subscription Shares") at a price of HK$0.38 per share for a total consideration of HK$1,500,000.

Upon admission to AIM of the Subscription Shares, the total issued share capital of the Company will be 125,470,716 Ordinary Shares. At this time, Noah Concept Limited will be interested in 3.15% of the issued share capital of the Company.

Application for the admission to AIM of the Ordinary Shares allotted above will be made and dealings are expected to commence on 5 August 2009. The Ordinary Shares will, on admission to AIM, rank pari passu with, and will be identical in all respects to, the existing ordinary shares of the Company.

Contact
Kelvin Yau, Chief Executive +(852) 9135 1811

PAQ International Holdings www.paq-intl.com
Dominique Doussot /David Newton +44 (0) 207 060 1760

ZAI Corporate Finance Ltd

This information is provided by RNS The company news service from the London Stock Exchange

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