NVC to 225 million yuan acquisition of 25% equity holding Yao

NVC NVC to 225 million Renminbi Holdings LED technology company announced its stake in, Hongkong NVC to 225 million yuan to purchase gold and Investment Company Limited 25% equity holding yao. After the completion of the acquisition, the company will hold yaoneng holding 100% of the shares, while the Target Corp holds a 50% stake in Zhongshan nvc.

The company's main business scope includes investment holding, LED semiconductor technology and related applications.

The Board believes that the intellectual property rights of the Target Corp will be beneficial to the company's technology upgrades and new product development, and can enhance the competitiveness of the company, to develop the international market products. In addition, Zhongshan NVC as the company an important business and operation of the main point of growth, the Board believes that by increasing the company can make the group benefit from Zhongshan NVC research and development, production and sales of lighting fixtures, fittings and other lighting appliances, LED products advantage stake in Zhongshan NVC, so as to achieve greater the economic benefits and development potential. (ay/da) (offer delay of at least fifteen minutes. )

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