Ruifeng photoelectric enclosure Yiwu spend 300 million set LED subsidiary

REFOND February 1st evening announcement, to take advantage of the local cost of Zhejiang city in Yiwu Province, the company intends to set up a wholly owned subsidiary of Zhejiang REFOND optoelectronics Co. Ltd. to self financing 300 million yuan investment (tentative name, referred to as "Zhejiang Ruifeng"), the main business for the production of LED refond.

REFOND said, in view of part of the company's lighting customers gathered in Zhejiang Province, and Yiwu LED industry base construction of international well-known LED, driven by the upstream and downstream industry chain enterprises and related industrial agglomeration of Yiwu, Yiwu industrial structure optimization and upgrade the industrial level, covering LED whole industry chain, the construction of the Yiwu municipal government to actively introduce and promote the company in the Zhejiang subsidiary, and enjoy the local investment policy, the company set up a subsidiary in Zhejiang can not only reduce the cost of the company, and help the company expand in the vicinity of the market share, improve the company whole body hair interest rates.

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