Further details of Ledman’s acquisition of a Chinese LED luminaire company has finally been confirmed today.

Ledman Opto will be building on its LED package, display, lighting and energy saving service foundation to expand its operations in soccer and other sports applications, said the company’s Chairman Mantie Li at a 2014 financial result briefing.

Chinese LED manufacturer Ledman Opto’s shares dipped slightly 6% on Friday, but soared close to noon, according to a Sina.com report.