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2013-12-18

LiteOn Initiates Mass Merger to Reduce Operational Management Costs

Taiwanese LED manufacturer LiteOn discussed the merger of multiple wholly owned subsidiaries during a board meeting conducted on December 16th. The merger will include LSE, LiteOn Clean Energy Technology Corp, Leotek, as well as the consolidation of three companies in Dongguan China. The company hopes to reduce operational management costs and increase operation benefit by simplifying organizational structure.
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