Absen acquires stake in VISS Lighting
- Details
Absen has essentially purchased a 50% and 10% stake respectively from co-owners Zhong Zaibo and Zhang Wenxia. Upon completion of the acquisition, Absen will hold 60% of VISS Lighting's equity, while Zhong Zaibo will hold the remaining 40% share. By virtue of shareholding, VISS Lighting will become a subsidiary of Absen.
Deng Jiangbo, Absen vice president, commented, "This acquisition strengthens Absen's position as a world leading provider of high quality LED display solutions. We are confident that