Asia Optical, Taiwan?s largest producer of optical lenses, on September 14 announced it has obtained official permission to establish a subsidiary manufacturer in Shanghai.

tentatively named Sintai Optical (Shanghai), for production of components used in digital still cameras (DSCs) and digital video camcorders (DVs).

Asia Optical?s board of directors, at a meeting on August 21, decided to indirectly invest US$8.5 million in the subsidiary for 100% ownership through its overseas subsidiary holding firm, Asia Optical International.

Asia Optical has so far been officially allowed a cumulative US$85.52 million for investment in China and has actually invested US$NT$1.84 billion (US$54.2 million).

From DigiTimes