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 ...
Continue reading
Signify, the world leader in lighting, announces that Qaztomat, one of the largest high-tech greenhouse operations in Central Asia, has selected Philips Horticulture LED Solutions as the lighting supplier for a new 10-hectare greenhouse expansion... READ MORE
Daktronics, a recognized industry leader in digital display and control system technology, has partnered with Massillon Washington High School in Ohio to install a new LED video display and become the first high school in the nation to impleme... READ MORE