Lite-On IT reportedly plans to establish a new subsidiary in China. According to an article at DigiTimes, this new subsidiary will focus on the "production and marketing of electronic devices and components".
Lite-On IT will invest US$2 million to establish a new subsidiary in China through its overseas subsidiary High Yield Group (BVI) for the production and marketing of electronic devices and components, according to a filing with the Taiwan Stock Exchange (TSE) on February 5. The corporate name will be determined at a later date.
Lite-On IT's board of directors, at a meeting on February 5, approved the investment in China, and in addition gave the OK to invest a further nine million euro in Lite-On IT's subsidiary in the Netherlands.
Lite-On already manufactures many of their products in China so I'm not sure how they will benefit from this subsidiary. If you'd like more, head on over to DigiTimes.
