Contribute 5 million 100 thousand! Snow Wright set up a joint venture to open up overseas markets

The day before (April 7th), Guangdong xuelaite photoelectric Polytron Technologies Inc (hereinafter referred to as the "snow Wright") for the integration of advantageous resources, develop the European lighting market, expand overseas sales, and Shenzhen i-ent Photoelectric Technology Co. Ltd. (hereinafter referred to as the "billion photoelectric") signed a "joint venture agreement", to jointly invest the establishment of the joint venture company in Shenzhen City, snow Wright Photoelectric Technology Co. ltd..

Yesterday evening, Shelley special light announcement that recently, the joint venture for the completion of the registration of industrial and commercial registration procedures, and received the Shenzhen Market Supervision Authority issued a business license.

According to the announcement, the new company registered capital of 10 million yuan, of which Wright to invest in cash of $5 million 100 thousand, accounting for the registered capital of $100 billion in cash to invest in the contribution of $4 million 900 thousand, accounting for the registered capital of 49%. The joint venture company's business scope includes: LED small spacing full range of special device production, research and development and sales of various types of lighting products and display sales.

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