India's largest LED display manufacturer MIC Electronics (MIC) announced on the 27th that the company's board of directors has agreed to invest 1.25 billion rupees (about 121 million yuan) to buy 20 million shares of the company and 30 million convertible preferred shares certificate.

As the domestic core supplier of large-screen LED display, Liard will complete the acquisition through its wholly-owned subsidiary Liard (Hong Kong) Co., Ltd.

The product areas covered by MIC are mainly LED displays, LED lighting, communications and electronics. MIC has always been a leader in the field of "True Color LED Displays". It is the development and application of LED display products, a pioneer in telecommunications software and IT services, and communications. It is the only company in India that has RDSO certification.

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