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Zhejiang Yankon Group Co Ltd to Establish Joint Venture with Sanan Optoelectronics Co Ltd

Monday, 9 Sep 2013 08:00pm EDT 

Zhejiang Yankon Group Co Ltd announced that it will establish a joint venture with Sanan Optoelectronics Co Ltd. The joint venture will be engaged in research and development of LED light apparatus and new light products, as well as market development in Xiamen, with a registered capital of RMB 30 million. The Company will invest RMB 18 million and hold a 60% stake. Sanan Optoelectronics Co Ltd will invest RMB 12 million and hold a 40% stake.