SEC approves L&E warrants

Lighting and Equipment Plc's 15.37 million units of warrants have won the approval from the Securities and Exchange Commission and they are expected to start trading late this month.

In the press statement from the company listed on the second-tier exchange Market for Alternative Investment, the warrants were issued to existing shareholders as an act of gratitude. The warrants can be exercised for common shares at the exercise price of Bt10.61 per share.

Pakorn Borimasporn, CEO, said that the company's management is committed to proceed with expansion plans. In 2008, the new factory would be completed and the capacity would be increased from 1.5 million pieces to 3 million per annum.

L&E will focus more on the export market, particularly in new markets like Africa. While more products would be shipped to the existing export markets particularly those in Europe.

"Our products are of competitive quality but are offered at a lower price. We expect more buying orders from early next year," Pakorn said.

- The Nation

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SEC approves L&E warrants

Lighting and Equipment Plc's 15.37 million units of warrants have won the approval from the Securities and Exchange Commission and they are expected to start trading late this month.

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