2012-08-02

Proview to Reinvent LED Business Regardless of Debts

Proview known as Apple’s Chinese IPAD trademark foe, has intended to attract over 100 million yuan (£10m) in funding to launch an LED lighting and bio-energy firm. Proview invested a whopping $155m (£99m) in its LED manufacturing base in Shenzhen in 2008 and expanded to a Wuhan plant soon after, shortly before the bottom fell out of the business. The Shenzhen subsidiary was forced into bankruptcy and delisted from the Hong Kong stock exchange a couple of years ago. The Shenzhen plant is now in ruins, but Yang Rongshan, the firm’s charisma...
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