China-based PAQ International has joined Aim.
PAQ is a manufacturer and distributor of protective bags for mobile phones, laptops and other electrical devices. It joined Aim on 25 February 2008 when it raised £1m at 6p a share. That valued the company at £7.23m. The shares ended the day at 8.25p.
PAQ generated a profit of HK$10m on revenues of HK$22.4m. In the six months to June 2007 the profit was HK$7.38m on turnover of HK$11.8m.
The cash raised in the placing will be spent on marketing and developing new products.
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