CNLight (SHE:002076) partnered with industrial engineering design services provider Guangdong Zhongjian Pulian Technology to establish a 60 million yuan joint venture, according to a Shenzhen Stock Exchange disclosure on Wednesday.
The venture, to be named Xingguang Pulian (Guangdong) Big Data, will be an internet data services provider.
The Chinese lamp maker will invest 30.6 million yuan while Zhongjian Pulian Tech will inject 29.4 million yuan into the venture's capital, owing 51% and 49% of its shares, respectively.
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