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Hengtong's new Investment in Indian market

2017-12-06

Recently, the President of the sixth session of the Board of Directors of the 33rd meeting was held on December 4, 2017 by means of a communication vote, the meeting passed a motion on the proposed investment in the construction of fiber optic cable factory in India. According to the announcement, Hengtong photoelectric plan and wholly-owned subsidiary Aberdare European Holdings Limited (hereinafter referred to as "Aberdare Europe") in India to invest in the construction of optical fiber and cable factory, the new company registered capital of 20 million U.S. dollars, prosperous photoelectric in the currency of $1 million, accounting for the new company's contribution to 5%. Aberdare Europe has contributed $19 million in Money, accounting for 95% of the new company's contribution. Looking at the world map to do business, along the "area all the way" out, in recent years, the international layout of prosperity has been accelerating. Prosper has created 7 research and development base in overseas, set up marketing Technology Service branch in more than 30 countries and regions, registered overseas trademark in 119 countries and regions, and business covers more than 130 countries and regions. The success of the optical fiber network products have accounted for 15% of the global market, China in the world fiber optic Internet has won the right to speak.

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