Dongshan Precision Plus LED raises 20 million yuan to set up a new company

On June 26, Dongshan Precision announced that it will establish Suzhou Dongshan Lighting Technology Co., Ltd. together with its wholly-owned subsidiary Suzhou Yongchuang Metal Technology Co., Ltd.

It is reported that Dongshan Lighting registered capital of 20 million yuan. Dongshan Precision invested 16 million yuan, accounting for 80% of the registered capital (including the first investment of 3.2 million yuan), Yongchuang Technology invested 4 million yuan, accounting for 20% of the registered capital (including the first investment of 800,000 yuan). Subsequent capital injections will be in place within two years.

Dongshan Lighting will focus on consulting, design, service, sales and contract energy management for LED lighting products. Dongshan Precision said that the establishment of the new company will further expand the market share of LED, continuously improve the strategic layout of the company, help to actively develop contract energy management business, ensure the rapid development of its business and improve profitability.

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