September 20 -- Sanan Optoelectronics  intends to work with five other companies to establish an energy-saving LED subsidiary with registered capital of 100 million yuan, reports Yicai.com, citing a company filing. Sanan Optoelectronics will invest 20 million yuan in it.

The five other companies include Fujian Electronic Information Group, Fujian Hongbo Photoelectric Technology, Fujian Zhaoyuan Photoelectric, China Scientific Material Structure Research Institution and Fujian Fujing Scientific and Technology.