Wooden Door Cases of SUMBAO e-Kong will indirectly hold a 42% stake in Konka Lighting SUMBAO
According to the Hong Kong Journal of Communications, e-Kong announced that it has acquired the entire interest in the crown and Arbo International Limited at a cost of RMB 100,000 each. The Company will raise interest of RMB 22 million and RMB 20 million respectively to Lianhan and Arbo as non-interest-bearing loans , So that the crown and Arbo, respectively, Konka lighting agreement under the Konka lighting 20% and 22% of the unpaid registered capital to pay their debts. The crown is mainly engaged in investment holding. Arbo is principally engaged in investment holding and trading of LED related products. Konka Lighting Group is mainly engaged in LED and related industry chain design, research and development and manufacturing, focusing on the development of commercial lighting, industrial lighting and public lighting products. On 1 September, the buyer's crown and Arbo entered into a Konka lighting agreement with the seller in connection with a total of 42% of the outstanding shares of Konka Lighting. When the Consortium and Arbo Acquisition and the Konka Lighting Agreement are completed, the Company will indirectly have a 42% stake in Konka Lighting. Directors believe that the Group and Konka Lighting Group can join hands to expand the LED lighting business in Southeast Asia, and the Group can also expand its business to the development of a variety of LED lighting technology. For more information on LED, please click on China LED Network or focus on WeChat public account (cnLED Recessed Spotlightw2013).