ETI forecasted losses incurred from operations would peak to RMB 100 million for the fourth quarter of 2016, stated the company in a press release.

Redirecting focus onto the Chinese LED lighting market, Elech-Tech International (ETI) announced it will be transferring all its international lighting business assets to its Hong Kong subsidiary and sell the company to Jadestone China High-technology Industry Investment Fund (Jadestone).

ETI announced recently that the company board’s Independent Director Jing Guo Jiang has resigned, due to personal reasons.

Chinese LED manufacturer ETI announced Monday, eight company executives will be increasing shareholdings in their company to boost investors’ confidence.

In a company statement, Chinese LED manufacturer ETI announced two of its subsidiaries received in total RMB 70 million (US $11.28 million) subsidies from local governments.

Elec-tech International (ETI) recently announced it would be issuing 378 million shares through a private placement to raise RMB 4.5 billion (US $720 million) for flip chip LED and package related investments, according to a report from National Business Daily (NBD).

The Chinese central government recently issued a statement requesting local governments to stop issuing LED chip and wafer subsidies or offer favorable tax conditions.

In late 2013, LEDinside team forecasted major company restructure market trends will continue throughout the year. The trend has been consistent in 2014, as more lighting manufacturers take necessary restructure measures to remain competitive in the market, such as Philips, Epistar or NVC Lighting.

In late 2013, LEDinside team forecasted major company restructure market trends will continue throughout the year. The trend has been consistent in 2014, as more lighting manufacturers take necessary restructure measures to remain competitive in the market, such as Philips, Epistar or NVC Lighting. Top players restructure decisions in the fast changing LED industry landscape further reinforces the trend that large companies will become even bigger and influential, while smaller manufacturers will find it increasingly difficult to compete.

Elec-Tech International (ETI) financial performance and management condition has come under the spotlight, as the company’s conflict between NVC Lighting intensifies.

Despite suspended production in one of its four major factories, China’s biggest lighting company NVC Lighting’s recent boardroom drama will have limited impact on its UK subsidiary, according to a report by Lighting.

Latest developments between Elec-Tech - International (ETI) and NVC Lighting have taken another dramatic turn.

Latest developments in the aftermath of NVC Lighting’s merge with Elec-Tech Technology (ETI) has gotten fairly messy, according to several Chinese media reports.

The board of directors of the Company (the “Board”) announces that it has resolved to remove Mr Wu Changjiang (吳長江) from the office of chief executive officer of the Company, and to appoint Mr Wang Donglei (王冬雷) as the interim Chief Executive Officer (CEO) of the Company. The Board has also resolved to remove Wu Changyong (吳長勇), Mu Yu (穆宇) and Wang Minghua (王明華) from their offices of Vice President of the Company, to requisition for an extraordinary general meeting of the Company (the “EGM”), and to propose an ordinary resolution at the EGM to remove Mr Wu Changjiang (吳長江) from the office of executive director of the Company.

NVC Lighting recently announced a series of management changes. The company’s high ranking managers including founder and Chairman Wu Changjiang, Vice Presidents Wu Changyong, Mu Yu, Pei Jinhua, Yang Wenbiao and others have all resigned from company subsidiary boards. This has been the largest restructure tide since Mu left the board in May 2014. All high ranking officers will step down from 11 subsidiaries board positions after the recent adjustments