Szzt inroads into the LED industry invested 20 million yuan to set up a wholly owned subsidiary of the company

Szzt today announced that the company invested 20 million yuan to set up a wholly owned subsidiary of Shenzhen Zhengtong photoelectric limited liability company, the main LED high power LED lamp, chip packaging, solar street lighting system and inverter, intelligent controller of R & D, production and sales.

The company said the move is in order to moderate the scope of the company's business, to avoid the risk of a single business, while opening up new sources of profit.

Although the company is a subsidiary of Shenzhen Zhengtong mechanical and electrical limited company have done business in the field of high power LED lamp, has a certain R & D and production accumulation, but as the implementation platform of LED company to carry out related business, Photronics company set up, there is still a risk of market experience is not enough, so the subsidiary will to order production mode as the initial business model.

In addition, the company also invested 20 million yuan, to 5 yuan / share price, as the party capital capital stake in Hunan Zhongkehengyuan, of which 4 million yuan of registered capital subscribed zkenergy added, the remaining 16 million yuan as the capital fund of the company.

The company said, Hunan Zhongkehengyuan is specialized in research and application of clean energy technology to provide overall solutions for high-tech enterprises, from network integrators scenery complementary power supply system. The zkenergy commitment in the company shares after the capital increase, under the same conditions to give priority to purchase LED lamp, company or subsidiary production controller, inverter and other products.