Shenzhen Proview to Expand in the LED Lighting Industry

Shenzhen Proview to Expand in the LED Lighting IndustryAlthough still deeply in debt, Shenzhen Proview is planning to expand into LED lighting. Proview’s founder Yang Rongshan said the company have advantages and technological strength in the energy saving industries thus creating interest with possible investors.

Even with Proview winning the trademark case with Apple, the settlement that then got from the case is still frozen by a local court. With this Yang feels sorry that the company’s debtors cannot be paid. Yang also said that they are trying their best in settling all their accounts with suppliers and debtors. Currently the company owes US$ 400 million from eight banks.

Last week alone they were rocked with another lawsuit from two law firms that helped them with their case with Apple for overdue legal fees amounting to 45 million yuan. Yang acknowledged signing contracts with the law firms during the case, and none of the four firms who handled Proview’s case have received payment.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

What is the BEST investment over the next 5 years?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.