Feile Audio plans to invest US$2.5 million to establish a South African subsidiary

On August 29, Shanghai Feile Audio announced that Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company, plans to jointly fund APPLO ILLUMINATION AND ELECTRICAL APPLIANCES (SA) (PTY) LTD and related party SVA Electronics (Pty) Ltd in South Africa. Inesa Lighting Co., Ltd., Inesa Lighting has a total investment of 2.5 million US dollars, of which Shanghai Yaming invested 1.275 million US dollars.

Feile Audio said that this transaction is conducive to the company to expand export channels, expand the African market, and expand the brand sales business.

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