Liard and Hedong Electronics signed a strategic agreement to force LED small-pitch TV market

Liard (300296) announced on the evening of the 19th that the company recently signed a "Strategic Cooperation Agreement" with Guangzhou Hedong Electronics Co., Ltd. ("Hedong Electronics").

According to the agreement, the two parties will carry out market cooperation on a global scale, and each party will be granted the right to sell their products and services at home and abroad. At the same time, Liard plans to increase the capital to Hedong Electronics before July 31, 2014. Acquisition of No. 25% of Hedong Electronics Co., Ltd. and became a new shareholder of Hedong Electronics.

Liard said that Hedong Electronics has undertaken a number of high-end civil intelligent projects at home and abroad. This cooperation will help promote the rapid development of LED small-pitch TVs independently developed by Liard into the high-end civilian market. The successful cooperation in investment will give play to the synergy effect of Liard and Hedong Electronics in customer resources, sales and services, which will have a positive impact on Liard's performance.

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