Shareholders of LJ International approved agreement with Cayman Islands company

LJ International Inc., the British Virgin Islands-registered company engaged in jewellery business, announced that as a result of an extraordinary general meeting of shareholders held on July 9, 2013, its shareholders approved and authorized previously announced agreement and plan of merger with Flora Bloom Holdings, a Cayman Islands exempted company with limited liability, and Flora Fragrance Holdings Limited, a business company with limited liability incorporated in the BVI, and a wholly-owned subsidiary of Flora Bloom Holdings. Pursuant to the merger agreement, dated March 2013, Flora Fragrance will be merged with and into LJ International, the last one surviving the merger as a wholly-owned subsidiary of the Cayman Islands company.

The merger is expected to be completed later this month, subject to the satisfaction and waiver of the conditions set in the Merger Agreement. Upon completion of the transaction, LJ International will become a privately-held company, its shares will no longer be listed on the NASDAQ.

Comments are closed.