HONG KONG and LOS ANGELES, Nov. 21 /Xinhua-PRNewswire/ -- LJ
International Inc. (LJI) (Nasdaq: JADE), one of the fastest growing jewelry
companies in the world, particularly across China, today announced that it
has filed a Universal Shelf Registration Statement on Form F-3 with the
Securities and Exchange Commission (SEC).
Upon being declared effective by the SEC, this Universal Shelf
Registration Statement will allow LJI to sell, in one or more public
offerings, common stock or warrants, or any combination of such securities
for proceeds in an aggregate amount of up to $100 million. The terms of any
offering, including the type of securities involved, will be established at
the time of sale.
This Universal Shelf Registration Statement will allow LJI, subject to
market conditions and the Company's capital needs, to access the capital
markets to support its accelerated growth strategy, which includes potential
acquisitions, business combinations or industry partnerships, as well as
general working capital and the repayment or reduction of its short-term
liabilities.
A registration statement on Form F-3 relating to these securities has
been filed with the SEC, but has not yet become effective. These securities
may not be sold, nor may offers to buy be accepted, prior to the time the
registration statement becomes effective. This release shall not constitute
an offer to sell or the solicitation of an offer to buy, nor shall there be
any sale of these securities, in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the
securities laws of any such state. Any offer of these securities will be
made solely by means of the prospectus included in the registration
statement and any prospectus supplement that may be issued with respect to
such offering.
To be added to LJI's investor list, please contact Haris Tajyar at
htajyar@irintl.com or at 818-382-9700.
About LJ International Inc.
LJ International Inc. (LJI) (Nasdaq: JADE), based in Hong Kong and the
U.S., is engaged in the designing, branding, marketing and distribution of a
full range of jewelry. It has built its global business, currently one of
the fastest-growing in the jewelry industry, on a vertical integration
strategy and an unwavering commitment to quality and service. LJI
distributes to fine jewelers, department stores, national jewelry chains and
electronic and specialty retailers throughout North America and Western
Europe, with a growing retail presence in China through its ENZO national
jewelry chain stores. Its product lines incorporate all major categories
sought by major retailers, including earrings, necklaces, pendants, rings
and bracelets.
Forward looking statement: Except for the historical information, the
matters discussed in this news release may contain forward-looking
statements, including, but not limited to, factors relating to future
revenues. These forward-looking statements may involve a number of risks and
uncertainties. Actual results may vary significantly based on a number of
factors including, but not limited to, uncertainties in product demand, the
impact of competitive products and pricing, changing economic conditions
around the world, release and revenues of new products and other risk
factors detailed in the Company's most recent annual report and other
filings with the Securities and Exchange Commission.
For further information:
AT LJI:
Ringo Ng
Chief Financial Officer
Ph: 011-852-2764-3622
ringong@ljintl.com
AT INVESTOR RELATIONS INTL:
Haris Tajyar
Managing Partner
Ph: 818-382-9702
htajyar@irintl.com
