Ganzhao Optoelectronics invested 50 million to establish a lighting subsidiary to extend downstream of LED

At noon on December 11th, Ganzhao Optoelectronics (300102) announced that the company had recently completed the registration of the industrial and commercial registration of the newly established wholly-owned subsidiary Xiamen Ganzhao Lighting Co., Ltd. with a registered capital of 50 million yuan.

The business scope of the subsidiary is mainly the R&D and production of LED lighting products, the R&D and production of packaging and application products of optoelectronic devices, and the provision of related technical consultation and services; the import and export of various commodities and technologies.

According to the previous announcement, the Board of Directors of Ganzhao Optoelectronics reviewed and approved the “Proposal on Establishing a Subsidiary for Foreign Investment” on August 7, 2013, and agreed to establish a wholly-owned subsidiary with a self-investment of no more than RMB 60 million.

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