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Eastar joining hands with LianTronics, opening up a new prospect for LED industry

Source: Eastar      Published: 2014/09/30

A bombshell coming in China LED industry recently: two top firms in LED Display industry--Eastar and LianTronics teamed up and form a close alliance, which will become a significant strength in China LED Industry. For LianTronics, Eastar’s powerful strength in overseas market is definitely important to improve its status in abroad; For Eastar, combination with LianTronics will expediting Eastar’s capitalization and future development. And for the Led industry of China, alliance of these two top companies will definitely create a totally new situation.

Undoubtedly, combination of Eastar and LianTronics will prop up their competitive advantage in LED Display applications. Eastar finally became a listed company in GEM through the alliance with LianTronics. It’s known that Eastar is aiming to become GEM Listed Company all these years, while can’t afford the long time waiting and commit to New Tertiary Board regretfully. Joining hands with LianTronics finally made Eastar a listed company in GEM in a winding way, which also made up Eastar’s regret.

Established in 2003, LianTronics is International High-Tech enterprise managed in researching, producing and selling LED Display Screen. With a registered capital of 17.3195 million RMB, LianTronics has over 1300 staffs, annual income over 1 billion and net asset almost 1.5 billion RMB. LianTronics listed in GEM in Oct. 12th, 2011. And now, it is heading to becoming a collectivization enterprise in supplying LED Screen controlling system, LED display and outdoor media.

Eastar, known as Shenzhen Eastar Electronic Co., Ltd., was established in 2004 with a registered capital of 70 million RMB, land area hits 30000 sq.m. Eastar is professional facilitator that managed in researching, designing, producing and selling HD Full-color LED Screen. Eastar products are mainly sold to abroad and been used in various occasions like advertising media, exhibition, stage event etc.

Current troubles in China LED Display Industry are: over capacity, low industry concentration, prominent structural contradiction of industry and disorderly competition in the whole industry. Alliance of companies will promoting the healthy development of LED Industry and refresh current status. Combination of Eastar and LianTronics will definitely rewrite the pattern of China LED Display Industry.