Kingsun announced that they have signed a strategic cooperation agreement with Guangdong Qingyuan High-Tech Industrial Development Zone management committee on November 11th.
Kingsun has invested RMB $500 million (US $82 million) in self-raised funds into the development zone to begin land acquisition, factory construction, and product production. Product to be produced at the factory include LED tunnel lighting, LED displays, landscape lighting, commercial lighting, residential lighting, solar power, wind power applications, and other spatiality lighting. The company initially plans to use 150 acres of land for the factory.
Source:
http://www.ledinside.com/node/18871
