| Sichuan Changhong (600839) bulletined that it will set up its overseas production base in Czech Republic, an exclusively Changhong-owned enterprise namely Changhong Europe Electric S.R.O.
CHANGHONG plans to invest $30 million in total for the new TV assembly plant with $9.5 million registered capital, and targets its main business focused on R&D, manufacturing and marketing of consumer electronics. According to CHANGHONG, the establishment of “CHANGHONG Europe” aiming at promoting its global strategy, popularizing "CHANGHONG" brand and conquering a solid foundation for its products in the world largest market.
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