Sunday, July 26, 2015
MIC ELECTRONICS - is one stock suggested earlier around @ Rs.5 which is currently trading around Rs.23. Now , in a very important development ,company informed that Leyard Optoelectronics, the word leader in high end LED display products expressed their intention to subscribe 20 Million shares and 30 Million warrants @ Rs.25 .In addition to this, 3 million warrants will be allotted to another individual at the same price . This fund infusion ( Approx: Rs.135 Cr) will help the company to address much needed working capital and other funding requirements. Technical ,Manufacturing and Marketing support of a world leader is expected to give a new lease of life to MIC .Leyard is the company which supplied display products used for the opening ceremony of 2008 Olympic Games held in China and its stock listed in Chinese stock Exchange. I expect better days for MIC's share holders who kept faith in the company and resist the temptation to trade with it for some quick penny.
Link to the website of Leyard HERE