MIC Electronics subsidiary in Korea and Singapore

The board of MIC Electronics has accorded its consent to the company for setting-up of subsidiary companies in Singapore and Korea for development and marketing of LED display and lighting related products.

Further, the board has considered and approved the acquisition of two companies, up to 51% equity of a power electronics company to strengthen the LED lighting products business, and up to 74% equity of an entertainment company to build LED based digital theme parks.