Dongbei increased its investment in LEDLitek for 1 million US dollars, grabbing Korean LED lighting business opportunities

Recently, Dongbei (2499) board of directors decided to increase the investment of LEDLitek, it is estimated that the additional investment of 1 million US dollars, the cumulative total investment LEDLitek amounted to 2.5 million US dollars, will become the second largest shareholder of LEDLitek.

LEDLitek is a Korean LED professional module factory, focusing on general lighting applications and module applications, with an annual revenue of 85%, and another 15% from the Korean automotive market.

Dongbei said that in order to grasp the Korean LED lighting business opportunities and the South Korean government subsidy policy, Dongbei began to participate in the investment of LEDLitek in 2007, and has become the largest legal person shareholder. In the future, the two sides will further cooperate to seize the business opportunities in the Korean market.

In North America, Dongbei has entered into hypermarkets through cooperation with local lighting factories; in China, the company has adopted a joint venture with Hangzhou Hongyan Electric, a subsidiary of Putian Group, to build LED indoor lighting channels; in Japan and Europe, it also sells through sales. Channel partners entered the general lighting and commercial markets, and benefited from the 2010 eco-point subsidy in Japan, lighting application revenue grew steadily.

In recent years, in the lighting channels of various places, Dongbei estimated that the revenue related to lighting applications in 2010 will be about 12%, and in 2011 it is expected to increase to 20%.

Related stock price 2010/12/30 - 12:11 East Bay TWD 52.50 (+2.74%)

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