2013-08-23

Furi Electronics Achieves Leapfrog Development with MR LED Photoelectricity Acquisition

Furi Electronics will be holding a shareholders’ meeting on Sept. 2 to decide on the company’s private investments to acquire 92.8% of MR LED Photoelectricity Co. stock shares. According to the transfer of stock rights agreement, once the deal is sealed MR Photoelectricity’s 2013-2015 financial reports will belong to the parent company. Excluding non-recurring profits and losses, MR Photoelectricity’s earnings cannot be less than RMB 30 million (US$ 4.9 million), RMB 35 million and RMB 39 million throughout the three years, and total net profit cannot be lower than RMB 12,000. 
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Sumitomo Chemical will participate in SPIE Photonics West 2025, the world’s largest optics and photonics conference and exhibition, to be held in San Francisco, California, the United States, from Tuesday, January 28 to Thursday, January... READ MORE