Yuanfang Optoelectronics (300306.SZ) recently announced that the company signed an "Investment Agreement" with the Xiaoshan Economic and Technological Development Zone Management Committee, and plans to set up a wholly-owned subsidiary in the local area to invest in the construction of color technology and photoelectric testing equipment research and development production base. The total investment of the project is 300 million yuan and the total construction area is about 60,000 square meters.
According to the announcement, the newly established company is tentatively named Yuanfang Spectrum Technology Co., Ltd. with a registered capital of 60 million yuan. The specific construction content of the proposed project is the development, production and display of color technology and photoelectric testing equipment. It will be carried out in two phases. Construction will start within 6 months after the delisting of the various phases of land, and will be completed within 2 years after the start of construction.
According to the company, this project is a technology research and development and industrialization expansion for the larger application of photoelectric detection and analysis technology after the company successfully realizes industrialization in the field of light source measurement. It will help the company expand its business field and become a new growth point for the company to improve its market competitiveness.
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