Is to expand the mainland Varitronix LED lighting market

Days ago, Hongkong incorporated in the Cayman Islands Company under the sub company in Varitronix energy management (Shenzhen) Co., Ltd. was established in cooperation with the rich enterprise energy-saving lighting company, the new company is mainly engaged in the installation and maintenance of LED lighting project, as well as the development of China LED lighting market.

The new joint venture company registered capital of 11 million yuan, the group has a total of $55%, intends to invest up to $11 million in internal resources, while the other 45% of the equity held by the rich, and will be in accordance with its market resources to invest in kind.

For a period of 20 years, the first year of the establishment of the joint venture company, the company is expected to provide a sales contract of about 50 thousand LED lights for the joint venture company. The joint venture company undertaking LED lighting products used in engineering, will be exclusive to reach into Varitronix energy procurement.

As is Varitronix LED lighting products production, installation and maintenance services flagship platform, coupled with the rich enterprise has a huge sales network in China, the formation of joint venture company, will have a greater synergy, can make LED lighting products reached into the further into the mainland market to the north and northwest provinces. To enhance the overall profitability of the group.