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 this operation will help the company to provide an even wider range of high quality products to the