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Sanan Optoelectronics Co Ltd to Set up Joint Venture with Shenzhen Jiawei Photovoltaic Lighting Co Ltd

Tuesday, 28 May 2013 08:00pm EDT 

Sanan Optoelectronics Co Ltd announced that it will set up a joint venture with Shenzhen Jiawei Photovoltaic Lighting Co Ltd. The joint venture capitalized at RMB 150 million will be engaged in development, production and sale of light emitting diode (LED) products in Fujian. Sanan Optoelectronics and Shenzhen Jiawei Photovoltaic Lighting will hold a 15% stake and an 85% stake in the joint venture respectively.