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Morning News Xiamen Xinda Co., Ltd. announced last night that its holding subsidiary plans to invest in the construction of LED packaging and application products in Quanzhou (Hutou) Photovoltaic Industrial Park in Fujian. The total investment of the project is about 500 million yuan, and the total construction period is 2 In the year, the annual output value is about 500 million yuan.
According to the announcement, Xiamen Xinda Optoelectronics Technology Co., Ltd., a subsidiary of Xiamen Xinda Holdings Co., Ltd., plans to invest in the establishment of a wholly-owned subsidiary, Fujian Xinda Optoelectronics Technology Co., Ltd., responsible for the construction and operation of the project. The newly established company has a registered capital of 100 million yuan and its main business is the R&D and manufacturing of LED packaging and application products. The People's Government of Anxi County of Fujian Province will provide a series of preferential support measures, including granting 60 million yuan of subsidies for project science and technology before January 15, 2013. In addition to enjoying the relevant preferential tax policies set by the state, it will provide technical research and development incentives and advanced Talent incentives and other preferential measures.
Xiamen Xinda said that it will promote the sound development of the company's electronic information industry and contribute to the realization of the company's strategic goals by leveraging the industrial advantages of the investment industry and the policy support of local governments to expand investment in LED packaging and application products.
Xiamen Xinda also announced that its holding subsidiary Xiamen Xinda Real Estate Development Co., Ltd. has publicly listed Hengyang Xinxinghe Real Estate Development Co., Ltd. to concentrate resources on developing core industries.