The factory will cost RMB1bn, according to news provider Shanghai Securities News, citing a company filing between Jiangsu Aucksun Metal has linked up its RMB30m ($5m) Dingshun Venture Capital subsidiary.

China-based manufacturer Jiangsu Aucksun Metal has linked up its RMB30m ($5m) Dingshun Venture Capital subsidiary to set up a light-emitting diode factory.

The factory will cost RMB1bn, according to news provider Shanghai Securities News, citing a company filing.