Sina Finance News February 03 news, AV Concept Holdings Limited announced that it has entered into a letter of intent with Shenzhen Lehman Optoelectronics to establish a joint venture company in China.
The joint venture's operations include high-power light-emitting diode (LED) product development, sales, quality management and brand operations. It is expected that AV Concept Holdings Limited and Lehman's respective capital investments will not exceed US$2 million. After the establishment of the joint venture company, Shenzhen Lehman Optoelectronics will own 51% of the joint venture company and enjoy 51% of its profits, while AV Concept Holdings Limited will own The 49% equity interest in the joint venture company and its 49% profit.
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