2013-08-27

Hongli’s Advance into Auto LED Market after Acquiring 100 Share in Forda

In the LED market for specialized lighting, Chinese LED packaging manufacturer Hongli Tonic accounced the company recently acquired 38 percent of Guangzhou Forda Single Co. Idt shares for RMB $31.12m. This procurement shows Hongli’s ambition to increase future investment strength. The company has begun aggressively advancing into the LED automotive lighting industry enticed by higher gross profit margins than that of regular lighting. Hongli hopes that LED automotive lighting can become the company’s new profit generator.
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