LED International's nomad and chairman resign as accounts delayed again

Shares in LED International, the Chinese provider of energy saving specialist, have been suspended for seven months and could be cancelled from AIM within a month after nominated adviser Allenby Capital quit as the company continued to delay reporting another set of accounts.

Adding to the worries for investors, LED chairman Stephen Weatherseed, a former senior partner and national head of audit services at Grant Thornton in London, where he advised dozens of AIM companies, has also resigned with immediate effect.

Weatherseed, who is currently managing director of accountant Mazars in Hong Kong, was appointed in 2012.

Allenby has been the company's nomad and broker since December 2010.

Having only reported its annual accounts for the year to June 2015 last month, six months late, LED's numbers for the six months to 31 December should have been posted by the end of March.

LED's shares were suspended on 22 December due to the delay in publishing its final result, and have not resumed trading due to the delay in putting out its half-year figures.