1.23 million euros to win Philips China market distribution business

Commercial News (reporter Sun Congying) said yesterday, the company and wholly-owned subsidiaries Edmund Holdings and Philips signed an agreement to 1.23 million euros to buy Philips sales shares, responsible for Philips color TV in China's promotion and distribution business. In August this year, the two sides signed a letter of intent, but the amount of the acquisition has not been disclosed.　　Under the agreement signed yesterday, Aymond and its affiliates were granted Philips exclusive rights and permission to use Philips trademarks in the operating area for products and related promotional materials manufactured by Aymond and its affiliates, and the license agreement is valid for 5 years. In recent years, Crown Jie has been the world's LCD TV OEM giant.　　However, from the low profit of the foundry quickly cut into the higher profits of its own brand business, has been the dream of the crown Czech. But Jin Xiaofeng, a deputy general manager of Austria, said this time, the crown of technology to buy Philips television business to expand the influence of its LCD TV, and does not necessarily work.