2013-08-20

SEAMLESS GREEN Sells Its LED Lighting Business for HK$11M

Recently, SEAMLESS GREEN announced that Good Return, a wholly-owned subsidiary of the company, signed an agreement with Primary Billio, an independent third party, to sell the entire equity interest in Arnda Semiconductor Limited to Primary Billio for a total consideration of HK$11 million, and the proceeds will be counted as general working capital. The group expects to record a net loss of around HK$5.5 million from the disposal, but since the group has already made impairment loss on the investment in the subsidiary of approximately HK$11.1million in year ...
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2013-06-19

Lite-On Technology and Lite-On IT Extends LED Lighting Business in American Market

Although Lite-On Technology's LED lighting components in 2012 benefited from the strong demand of brand customers, its annual growth in revenue increased nearly three times, but Guangzhong Chen, president of Lite-On Technology, said on June 18 that the current performance of LED business is still not satisfied, and Lite-On will actively expand plants this year, the overall production capacity of LED is expected to grow 20% to 50% over last year, also Lite-On IT recently merged into Lite-On Technology will access to the LED lighting terminal market, and they...
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France-based car maker Peugeot unveiled a new concept car, the Peugeot RCZ Vision, building on the company's 2009-2015 RCZ coupe - with a host of new technologies. The RCZ Vision, build on Stellantis' STLA One architecture, is an ele... READ MORE

The transition from halogen to LED technology is becoming even easier: ams OSRAM expands its portfolio of ECE-approved LED retrofit lamps with the NIGHT BREAKER LED SPEED ECE H8, HB4 and H16. The new lamps expand the options for retrofitting t... READ MORE