Photonstar LED to wind down remaining business, become cash shell

Photonstar LED Group said it had decided to wind down its one remaining subsidiary, PhotonStar Technology, and seek shareholder approval to become a cash shell.

The company also said it had raised £175k from a share issue to provide working capital and evaluate new business opportunities.

New shares in the company were issued at 0.01p each.

At 9:56am: (LON:PSL) PhotonStar LED Group PLC share price was -0p at 0.01p