NVC Lighting announced its shareholding in LED Technology Inc. with 225 million Renminbi, and its subsidiary, NVC, acquired 25% of Yao Neng Holdings from Jinzhonghe Investment Co., Ltd. for RMB 225 million. Upon completion of the acquisition, the company will hold 100% of the equity of Yao Neng Holdings, while the target company holds a 50% stake in Zhongshan NVC.
Yao Neng Holdings' main business scope includes research and development of investment holding, LED semiconductor technology and related application products.
The Board of Directors believes that the intellectual property owned by the target company will be beneficial to the upgrading of the company's technology and new product development, and will enhance the company's competitiveness and open up the international market for its products.
In addition, Zhongshan NVC is an important business operation entity and growth point of the company. The Board of Directors believes that by increasing the company's shareholding in Zhongshan NVC, the Group can research, develop, produce and sell lighting fixtures, accessories and others from Zhongshan NVC. Benefit from the advantages of lighting appliances and LED products, thereby achieving greater economic benefits and development potential.
Product features:
â– Good heat dissipation
--Blade design of copper alloy contacts,good conductivity
â– Super high impact resistance and thermal stability
--Cover pans are made of high quality polycarbonate
â– Chemical corrosion resistance
-- Fingerprint-resistant zinc plated mounting brackets
â– Grounding
--One-piece grounding design,No Load-Weather resistance
Generator TR&WR GFCI UL,Electrical Plugs UL,GFCI Sockets for Generator,Self-test Generator TR&WR GFCI UL
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