Wan run technology intends to set up 30 million subsidiary Hubei overweight LED

Million run technology on September 19th evening announcement, the company intends to own funds of RMB 30 million yuan to invest in the establishment of a wholly owned subsidiary of Wan run Technology (Hubei) Co., ltd.. Scope of business: R & D, production and sales: LED optoelectronic components and related applications, lighting products and accessories; goods and technology import and export.

The company said, according to the development status of the LED industry, the future development trend and development strategy of the company, the company's own funds to invest in Xiantao in Hubei province to set up a wholly-owned subsidiary, is conducive to the expansion of business scale, improve the industrial layout and regional layout, enhance the company's LED product market share and reputation, new profit growth area for the company culture, enhance the company in the domestic market competitiveness and profitability, and promote the development of the company strategy.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).