Feile Audio teamed up with Brazilian company to develop international public lighting market

On June 22nd, Feile Audio (600651) announced on the evening of June 22nd that the wholly-owned subsidiary Shanghai Yaming Lighting Co., Ltd. signed the “Brazil City Road Lighting” with CLD Group on June 20, 2015 in Sao Paulo, Brazil. The Restructuring Agreement, signed an Letter of Intent with LINA Technology Solutions Group, intends to build, control and maintain the public lighting sector and promote related research and development related projects and investments through PPP (public-private partnership).

The announcement shows that the two parties are providing services and registrations in the field of public lighting and will adopt a joint or SPE type of cooperation. At present, CLD Group has carried out advanced business in more than ten cities in Brazil. In the next six months, CLD Group will assist Yaming to undertake road lighting renovation projects in these cities, which is expected to be approximately 450,000 baht.

In addition, Yaming will establish a partnership with the LINA Group to strengthen the alliance. The LINA Group has now carried out advanced operations in various federal units, with a total of approximately 860,000 in addition to other projects. Yaming has the necessary products and investments and will actively participate in the Brazilian urban road lighting renovation project.

On the same day, the company announced that its wholly-owned subsidiary Shanghai Yaming Lighting Co., Ltd. and the energy professional company AGROENERGIA DO NORTE SA signed a memorandum of understanding to help Yaming seek opportunities in the energy market so that Shanghai Yaming can enter through the provision of products and services. Brazilian market. It has also entered into a partnership with Shanghai Yaming in the Brazilian public lighting industry and will set up a special purpose company (SPC) with AGROENERGIA (10%), Shanghai Yaming (65%) and local partners (25%). .

Feile Audio said that this cooperation is part of the company's internationalization strategy, which is conducive to the promotion of the company's “Asian” LED and other lighting products in the Brazilian market, which will help enhance the company's brand image and accelerate the company's green intelligent lighting industry. development of.

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