Stcn.com 2 June 2013
Lianovation announced that plans to buy Shanghai Simdisplay for RMB16.72 million (around $2.7 million). The registered capital of Simdisplay would be RMB27.55 million (around $4.5 million) after the deal and it will take 51% shares. The investment would be used for the industrial and market layout in Shanghai and its surrounding areas.
Source: http://kuaixun.stcn.com/2013/0602/10517613.shtml
Lianovation bought Shanghai Simdisplay for $2.7 million
