Dajin Jingdian wants to expand the mainland LED lighting market

May 08, 2019

Recently, Dajin Jingdian Energy Management (Shenzhen) Co., Ltd., a subsidiary of Hong Kong Dajin Jingdian Holdings Co., Ltd., cooperated with Fengrun Enterprise Co., Ltd. to establish an energy-saving lighting joint venture company. The new company is mainly engaged in the installation and maintenance of LED lighting projects, and Develop China's LED lighting market.

The registered capital of the new joint venture company is RMB 11 million. The Group owns 55% of the equity and intends to contribute up to RMB 11 million with internal resources. The other 45% equity is held by Fengrun and will be funded in kind according to its market resources.

The joint venture company has a business period of 20 years. In the first year of its establishment, Fengrun is expected to provide a sales contract for approximately 50,000 LED lighting lamps for this joint venture company. The LED lighting products used by the joint venture company to contract the project will be exclusively purchased from Dajin Precision Energy.

Dajin Jingdian is the flagship platform for the production, installation and maintenance of LED lighting products. In addition, Fengrun has a huge sales network in China. The joint venture company that is formed by the two companies will have greater synergy. Dajin's LED lighting products can further penetrate the markets of North China and Northwest China, thereby enhancing the overall profitability of the Group.


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