December 26, 2017 / 6:00 AM / 2 months ago

BRIEF-Shenzhen Kaifa Technology says Kaistar Lighting (Xiamen) to bring in new investors

Dec 26(Reuters) - Shenzhen Kaifa Technology Co Ltd

* Says a JV Kaistar Lighting (Xiamen) Co.,ltd, which was established by the co and partners, plans to bring in a Wuxi-based firm and a limited partnership as new investors

* Says the new investors will jointly invest 800 million yuan and hold 31 percent stake in the JV

* Says co will indirectly and directly hold 25.1 percent stake in the JV after the investment, down from 36.3 percent

Source text in Chinese: goo.gl/nbocA5

Further company coverage: (Beijing Headline News)

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