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Dehao Runda issued an announcement on August 29, stating that the company intends to jointly establish a company with Huizhou Lighting, a related company, to establish a company in Huizhou City, Guangdong Province. The new company will mainly engage in LED packaging business.
Dehao Runda said that the company has advanced technology and talents in packaging, and NVC Lighting has packaged production equipment. At the same time, Huizhou NVC Industrial Park is one of the important production bases of NVC Lighting, mainly producing commercial lighting, architectural lighting and other products. The joint investment of both parties in Huizhou to set up a packaging company can achieve local packaging of some products. Therefore, co-financing can realize the sharing of resources between the two parties, complement each other's advantages, and achieve common competitive advantages.
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It is reported that the registered capital of the new company established by Dehao Runda and NVC is 80 million yuan, of which Dehao Runda contributes 40.8 million yuan in cash, accounting for 51% of the registered capital; NVC Lighting is funded by the assessed equipment and cash. 39.20 million yuan, accounting for 49% of the registered capital.
Dehao Runda once held a shareholding in NVC Lighting 20.24 through secondary market purchase and agreement transfer, and became the largest shareholder of NVC Lighting. The design and manufacturing capabilities of Dehao Runda on LED chips and lamps can also help NVC to rapidly transform into the LED field. It is expected that the establishment of the new company will also help the two parties develop LED product lines and help increase the revenue of LED lighting products.