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Jiangsu Linyang Electronics to set up joint venture

Tuesday, 29 Apr 2014 08:00pm EDT 

Jiangsu Linyang Electronics Co Ltd:To set up a joint venture with a Chengdu-based energy-saving company and a Panzhihua-based power project company, with registered capital of 50 mln yuan.The company will hold 20 pct, the Chengdu-based company will hold 41 pct and the Panzhihua-based company will hold 39 pct stake in the joint venture, for development of new energy source, energy performance contracting and energy-saving project promotion.