Tuesday, August 5, 2008

LJ International (BVI) files Universal Shelf Registration Statement with SEC

BVI-registered LJ International Inc., one of the leading jewelry manufacturers and retailers operating in Hong Kong and China and distributing its products worldwide, announced that it has filed a Universal Shelf Registration Statement on Form F-3 with the Securities and Exchange Commission (SEC). The Statement will allow the BVI corporation to sell, in one or more public offerings, common stock or warrants, or any combination of securities in an aggregate amount of up to $100 mln. The terms of any offerings will be established at the time of sale.

After filing the Universal Shelf Registration Statement, LJ International will be able to access the capital markets to support its growth strategy, which may include the expansion of its retail jewelry chain, potential acquisitions, business combinations or industry partnerships, as well as general working capital and the repayment or reduction of its short-term liabilities.

Registration statement on Form F-3 related to these securities has been filed with the Commission but has not become effective yet.