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Hengtong Optic-Electric Co Ltd to Establish Joint Venture with Shandong-based Company

Monday, 24 Jun 2013 08:00pm EDT 

Hengtong Optic-Electric Co Ltd announced that it will establish a joint venture with a Shandong-based company, which engages in the production and sale of fiber optic cable, data cable, telephone communication cables and other products. The joint venture, capitalized at RMB 100 million, will be engaged in research, development, production, sale and technical services of optical fibers in Shandong. The Company and the Shandong-based company will hold a 30% stake and a 70% stake in the joint venture respectively. 

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