Article: IRICO TAKES 51% STAKE IN SHANGHAI BLUE LIGHT


AsiaInfo Services
07-18-2007
Irico Takes 51% Stake in Shanghai Blue Light

BEIJING, Jul 18, 2007 (SinoCast via COMTEX) -- Irico Group Corp., China's largest color tube maker, announced on July 16 that it has become the controlling shareholder of Shanghai Blue Light Technology Co., Ltd. by taking a 51% stake in the company.

The deal will not only help the company edge into the photoelectron field, but also help it make a smooth transfer between industries.

After all-round consolidation of existing recourses including technologies, markets, management and raw material supply, Irico is expected to achieve a monthly production capacity of 150 million chips by 2008.

Besides realizing a ...

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