A group of investors led by Tsinghua Tongfang Co. Ltd. has acquired a 52.28% stake in Hong Kong-listed LED lighting manufacturer Neo-Neon Holdings for a total of HK$900 million ($116 million), according to a regulatory filing. Neo-Neon is to issue 1 billion new shares to Tsinghua Tongfang and other investors at HK$0.90 per share, representing […]

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