Tongfang lighting group reached a 300 million capital increase agreement with Heshan

Jiangmen daily news in July 10th, Heshan city investigation group witness, Heshan city with the same side lighting industry group Co. Ltd, on the same side lighting group in the industrial city of Heshan increased investment reached a cooperation agreement.

According to the agreement, with the side lighting group will be the next three years, an increase of 300 million yuan investment (of which the first phase investment of 100 million yuan) to the Republic is located in the town of Heshan City, Heshan Tongfang Lighting Technology Co., Ltd. and related enterprises, to further increase R & D, LED lighting products production base construction and expand market channels, three during the year the group will strive to achieve an annual output value of 3 billion yuan.

It is understood that the same side Limited by Share Ltd holdings of high-tech enterprises in Tsinghua University, as of 2014, with the total assets of the same side Limited by Share Ltd more than 49 billion 700 million yuan, in 2014 operating income of more than $25 billion 900 million. Semiconductor lighting industry is one of the key industries in the development of the same side shares, established a LED substrate, epitaxial wafer, chip, packaging, general lighting, display backlight business as the core of the industrial structure. In August 2014, the same Limited by Share Ltd as with Fang Youyou (former industrial company) the controlling shareholder, the re establishment of the same side lighting industry group Co. ltd..

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