PHILPS lighting manufacturing (Shenzhen) in the early dissolution of the official stop today

May 31, 2016, a PHILPS lighting manufacturing (Shenzhen) Co., Ltd. decided to advance the dissolution of the company's announcement in advance of the industry concern.

The company disclosed in the dissolution of the announcement, the company has experienced in recent years, the economy continues downward, rising costs, business is deteriorating and many other difficulties, although the company has taken various measures, but still failed to reverse the situation. In view of this, the company's shareholders and the board had decided to dissolve the company in advance, since May 31, 2016, the company officially ceased operations, no longer any production.

The company's management also said that the law will be placed on the staff, including the payment of compensation for compensation in accordance with the law.

According to relevant information, the company was formerly known as the Belgian "Massive" and the Hongkong prestige group joint venture, in 1994 in Shenzhen, Baoan, China to create. Formerly framas lightings Co. Ltd, after years of production scale expansion, has now reached more than and 60 assembly lines, and has a modern automatic coating equipment and assembly workshop, workshop area more than 60 thousand square meters. In 2008, PHILPS acquired framas lightings Co. 52% stake in the company, in 2009 October, PHILPS lighting manufacturing (Shenzhen) Co. Ltd. was registered. In December 2010, PHILPS company to complete the remaining 48% framas lightings Co. Ltd. equity acquisition. PHILPS has become the 100% equity holder of PHILPS lighting manufacturing (Shenzhen) Co., ltd..

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