Xiamen XinDa joint venture to set up optoelectronics companies

XinDa in Xiamen before and Xiamen langxing photoelectric Co Ltd signed a "joint venture agreement", jointly invested 200 million yuan to set up a XinDa in Xiamen Photoelectric Technology Co. ltd..

It is reported that the photoelectric XinDa registered capital of 200 million yuan, the company money invested 140 million yuan, accounting for 70% of the registered capital; langxing photoelectric money invested 60 million yuan, accounting for 30% of the registered capital. The company is engaged in the field of photoelectric technology research and consulting services, optoelectronic products production, sales, engineering and services.

Xiamen XinDa said that the purpose of the foreign investment is to accelerate the pace of development of the company's main industry, electronic and information industry, to seek a new profit growth point of the optoelectronic industry. Long term joint venture star in ultra high brightness light emitting diode (LED) packaging and other products R & D and production has been more mature experience. To this end, the two sides take advantage of their respective capital and industrial resources, and jointly establish ultra-high brightness LED packaging, application research and development and industrialization base.

Source: Securities Times