East Pui capital LEDLitek $1 million, South Korea LED lighting business opportunities

Recently, the East Bay (2499) approved by the board of directors of LEDLitek capital, is expected to raise $1 million, the cumulative total investment of LEDLitek amounted to $2 million 500 thousand, will become the second largest shareholder of LEDLitek.

LEDLitek Korea LED module factory, the main products and application of the general lighting module, accounted for about 85% of revenue, the other 15% comes from the South Korean car market products.

Donper said, to grasp the Korean LED lighting business, coupled with the South Korean government subsidy policy stimulus, the East Bay early in 2007 began to invest in LEDLitek, has become the largest shareholder, the two sides will further attack South Korea cooperation in future market opportunities.

In North America, East Bay through cooperation with local lighting factory into supermarkets; in Chinese, company and Putian group Hangzhou honyar mining joint venture, to build LED indoor lighting pathway; in areas in Europe and Japan, but also through the sales channel partners into the general lighting and commercial market, and benefit in 2010 Japan eco-point subsidies, lighting applications revenue steady growth.

In recent years around the lighting channel layout, the East Bay estimated 2010 revenue of approximately 12% lighting applications, 2011 is expected to increase to 20%.