August 2 -- Shenzhen Topband (002139) filed it would spend 380 million yuan to build an optical industrial park in Huizhou city, Guangdong Province, reports yicai.com.

The industrial park will research, produce, and sell high-efficiency lighting products including LED and electrode-less lights, as well as various electric smart controllers and terminals. The park will bring annual output value of one billion yuan after completion.

Topband’s capacity is currently tight for further development, and it has to expand its capacity through this investment to back up its expansion in the market.

Source:capitalvue