Dehao Runda invests 20 million in the expansion of LED business

Dehao Runda (002005) announced that the company intends to set up a wholly-owned subsidiary, Wuhu Dehao Runda Optoelectronics Technology Co., Ltd. with its own funds of RMB 20 million. The company is mainly engaged as an implementation platform for Dehao Runda to extend its LED business after acquiring 60% equity of Shenzhen Ruituo Display Technology Co., Ltd., and will operate independently to further realize the industrial layout of Dehao Runda in the LED industry.

The business scope of Wuhu Dehao Runda Optoelectronics Technology Co., Ltd. is to develop and produce household appliances, motors, electronics, light industrial products, electric appliances, automatic massage equipment, fitness equipment, ovens, kitchen utensils, light-emitting diodes, LED chips. Export trade, etc.

The newly established company, as the implementation platform of LED operation of Dehao Runda, has broad market prospects. At present, the company's holding subsidiaries Guangdong Jianlong Optoelectronics Technology Co., Ltd. and Shenzhen Ruituo Display Technology Co., Ltd. are both in the LED industry. The company has accumulated certain industry operations, and the risk of new company production and operation is in a controllable range.

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