According to the company, it will complete the capital injection through another subsidiary Elec-Tech (Dalian) Investment, which will hold a 64% stake in Dalian led high bay light Photovoltaic upon the completion of the capital injection.The target firm's registered capital will swell from the current RMB 180 million to RMB 500 million.
It’s reported that Elec-Tech International in January set up a LED joint venture with South Korea-listed LED producer EpiValley and British Virgin Islands-registered investment firm Max Alpha. And Elec-Tech International holds a 75% stake with an investment of US$11.25 million in the joint venture.
It’s said that China's Fujian provincial government planed to invest CNY20-30 billion (US$3.01-4.51 billion) to develop the public LED Linear high bay light market over the next five years, and jointly set up a publicly traded company with Taiwan-based LED companies.Fujian provincial government expected to install 300,000 LED street lamps in 2011, 600,000 in 2012 and up to 1-2 million in 2013. It’s estimated that the total LED street lamp market would reach 5-6 million units in Fujian.
It’s reported that Elec-Tech International in January set up a LED joint venture with South Korea-listed LED producer EpiValley and British Virgin Islands-registered investment firm Max Alpha. And Elec-Tech International holds a 75% stake with an investment of US$11.25 million in the joint venture.
It’s said that China's Fujian provincial government planed to invest CNY20-30 billion (US$3.01-4.51 billion) to develop the public LED Linear high bay light market over the next five years, and jointly set up a publicly traded company with Taiwan-based LED companies.Fujian provincial government expected to install 300,000 LED street lamps in 2011, 600,000 in 2012 and up to 1-2 million in 2013. It’s estimated that the total LED street lamp market would reach 5-6 million units in Fujian.
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