Foshan Lighting announced on April 9 that the company intends to participate in the joint venture to produce LED lighting products. It plans to establish a LED lighting company with domestic and foreign related companies to produce and sell LED lighting products.
By jointly investing in the establishment of LED lighting companies, the company will create better conditions for the company's energy-saving products and technological advancement, and further enhance the company's profitability and overall competitiveness. The company said that the scale of investment in the establishment of LED lighting companies has not yet been determined, only to do the relevant preparatory work in the early stage.
LED is an energy-efficient product supported by the state. With the rapid development of the LED application market, there is a good market demand for LED lamps at home and abroad. China has become the largest region of LED packaging in the world. The annual demand is expected to continue to grow at a double-digit rate. The rapid development of the LED packaging industry has also created favorable conditions for the development of LED lamps, especially at home and abroad. In the background, the prospects of LED lamps are very broad, and the added value of products is high.
At the same time, according to the current policies and the company's actual conditions for encouraging mergers and acquisitions, in order to speed up the development of the company's metal halide lamps and high-pressure sodium lamps production and operation scale, increase the market share of these two products, increase the company's new profit growth Point, the company intends to accept 75% equity of Hangzhou Times Lighting Appliance Co., Ltd. held by Hangzhou Youchang.
Hangzhou Times is a Sino-foreign joint venture with two shareholders. Hangzhou Youchang holds 75% of the shares in Hangzhou Times. Hangzhou Times mainly produces metal halide lamps, high pressure sodium lamps and other products. The production and operation have been stable for many years and the performance has been good. At present, the equity and assets of Hangzhou Times have not been assessed, and the funds required to transfer the equity will not be determined.
Foshan Lighting rose 8.80% to get a big order, such as the sac. Foshan Lighting released the 2008 annual report for 16 consecutive years. Red Snow Wright Foshan Lighting or oversized orders stocks are bullish
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