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RAPAPORT... LJ International Inc. completed its merger with Flora Bloom Holdings, an exempted company with limited liability incorporated under the laws of the Cayman Islands, and Flora Fragrance Holdings Limited, a business company with limited liability incorporated under the laws of the British Virgin Islands. Under the terms of the merger, which was approved by shareholders on July 9, 2013, each ordinary share of the company issued and outstanding has been canceled in exchange for the right to receive $2 in cash without interest, except for the ordinary shares beneficially owned by Yu Chuan Yih, Peter Au, Ka Man Au, Hon Tak Ringo Ng, Yuin Chiek Lye, Vicky Chan, Zhicheng Shi, Primeon Inc., Hillside Financial and Shilin Investments, all of which ordinary shares have been canceled without the right to receive any consideration. LJ International, which turned private as a result of the merger, also announced today that it has requested the suspension of trading of its ordinary shares on the Nasdaq Global Market.
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