An optoelectronic set to be 276 million three Investment Company Ltd.

Yesterday (22) evening, Sanan optoelectronics Co. Ltd. (hereinafter referred to as "the company") announced the eighth session of the forty-third meeting of the board of directors through a wholly owned subsidiary of the company's own monetary funds to set up a wholly owned subsidiary of the motion.

According to the announcement, the company decided to a wholly owned subsidiary of Hongkong Sanan optoelectronics Co. Ltd. to $10 million of its own currency funds (about 68 million 948 thousand yuan) to set up a wholly-owned subsidiary in the United States, capital in place in phases, mainly engaged in the production of optical communication development, and sales.

Secondly, a wholly owned subsidiary of Xiamen Sanan integrated circuit Co. Ltd. will be $20 million of its own money (about 138 million yuan) to set up a wholly-owned subsidiary in Hongkong, mainly engaged in research and development, production and sales of filter; Hongkong after the establishment of the company, the company will be in Hongkong for investment, in accordance with relevant laws and regulations of Japan in Japan with its own the monetary fund of 90 million yen to set up a wholly-owned subsidiary, mainly engaged in the research and development of compound semiconductor.

In addition, a wholly owned subsidiary of Xiamen Sanan optoelectronics Co. Ltd. also intends to own monetary funds 10 million yuan (about 68 million 948 thousand yuan) to set up a wholly-owned subsidiary of Xiamen Sanan Gas Company Limited in Xiamen, mainly engaged in special research and development, production and sales of gas.

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