Riyadh 121 million stake in India's largest manufacturer of LED display screen

Great wisdom finance July 28th hearing, India's largest LED display manufacturer MIC Electronics (MIC) Monday announced that the company's board has agreed to spend 1 billion 250 million rupees (about 121 million yuan) to buy 20 million shares and 30 million convertible preferred stock certificate.

As a domestic large screen LED display core suppliers, Riyadh will through its wholly owned subsidiary Riyadh (Hongkong) Limited completed the acquisition.

MIC products are mainly involved in the field of LED display, LED lighting, communications and electronic products. The MIC remains in the "True Color LED Displays LED is a leading position in the field, shows the development and application of products in the fields of telecommunication, software and IT services, a pioneer in communication field, India is the only one with RDSO certified company.

For more information about LED, please click on China LED network or pay attention to WeChat public account (cnledw2013).