A billion-dollar LED enterprise vision in Shenzhen has officially declared bankruptcy on June 29th. This is another medium-sized LED manufacturing company that has not come out of the trough after the collapse of Bodori and Bolunte last year. On July 5, the source told reporters that the company's legal representative Xing Yi is currently heading to Hangzhou, Zhejiang, to communicate with local creditors to find a solution.
According to media reports, LED production enterprises with a vision of more than 100 million yuan in electronic assets and more than 400 employees have not paid wages to workers since April this year. At present, Vision Optoelectronics' wage arrears amounted to more than 20,000 yuan, in addition to the factory renovation of more than 380,000 yuan of engineering funds.
According to sources, Xing Yi has a lot of connections with Zhejiang. Many suppliers are from Zhejiang, and their people are currently communicating with creditors in Hangzhou. According to the news, Xing Yi is a native of Sichuan and has worked in Shenzhen Zhouming Technology Co., Ltd., one of the leading LED display companies in China. In 2005, Xing Yi founded Vision Light Electronics, which mainly produces various indoor and outdoor LED displays. A considerable number of products are exported to European and American markets, and have also set up branches in Hangzhou.
Zhang Xiaofei, president of the High-tech LED Industry Research Institute, pointed out to the reporter that the LED industry has improved this year, but enterprises that have accumulated more serious problems in some segments and some problems still face considerable difficulties. "Vision electronics is not a huge failure." The phenomenon, but can not be underestimated." Zhang Xiaofei said that the speed of LED industry integration is accelerating, and a group of enterprises will be eliminated in the future.
According to media reports, LED production enterprises with a vision of more than 100 million yuan in electronic assets and more than 400 employees have not paid wages to workers since April this year. At present, Vision Optoelectronics' wage arrears amounted to more than 20,000 yuan, in addition to the factory renovation of more than 380,000 yuan of engineering funds.
According to sources, Xing Yi has a lot of connections with Zhejiang. Many suppliers are from Zhejiang, and their people are currently communicating with creditors in Hangzhou. According to the news, Xing Yi is a native of Sichuan and has worked in Shenzhen Zhouming Technology Co., Ltd., one of the leading LED display companies in China. In 2005, Xing Yi founded Vision Light Electronics, which mainly produces various indoor and outdoor LED displays. A considerable number of products are exported to European and American markets, and have also set up branches in Hangzhou.
Zhang Xiaofei, president of the High-tech LED Industry Research Institute, pointed out to the reporter that the LED industry has improved this year, but enterprises that have accumulated more serious problems in some segments and some problems still face considerable difficulties. "Vision electronics is not a huge failure." The phenomenon, but can not be underestimated." Zhang Xiaofei said that the speed of LED industry integration is accelerating, and a group of enterprises will be eliminated in the future.
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