Xiamen Xinda teamed up with Langxing to set up Xinda Optoelectronics LED

Xiamen Xinda (000701) recently announced that it plans to sign a "joint venture agreement" with Xiamen Langxing Photoelectric Co., Ltd., and jointly invested 200 million yuan to set up Xiamen Xinda Optoelectronics Technology Co., Ltd.

According to the announcement, Cinda Optoelectronics has a registered capital of 200 million yuan. The company invested 140 million yuan in currency, accounting for 70% of the registered capital. Langxing Optoelectronics invested 60 million yuan in currency, accounting for 30% of the registered capital. The company's business scope is optoelectronic technology research and consulting services; optoelectronic product production, sales, engineering and services.

Xiamen Xinda said that the purpose of this foreign investment is to accelerate the pace of the development of the company's main electronic information industry, and seek the photovoltaic industry as a new profit growth point for the company. The joint venture Fanglangxing Optoelectronics is super high

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