Contribution 5 million 100 thousand! Snow Wright set up joint ventures to explore 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 said that recently, the joint venture company completed the relevant procedures for industrial and commercial registration, and received the Shenzhen municipal market supervision and Administration issued a business license.

According to the announcement, the new company registered capital of 10 million yuan, of which snow Wright invested 5 million 100 thousand yuan in cash, accounting for 51% of the registered capital; million special photoelectric invested 4 million 900 thousand yuan in cash, accounting for 49% of the registered capital. The scope of operation of the joint venture company is: LED, small space, full range of dedicated device production, R & D and sales; all types of lighting products and display sales.

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