Chinese media report that GDC Technology is selling a 36% stake in GDC Technology Limited (British Virgin Islands) currently held by GDC Technology Limited (Cayman Islands) to Appotronics for USD $18.2 million. Appotronics is one of the four join venture partners in Cinionic, together with Barco, China Film Co. and CITICPE. The company is best known for its laser projectors for the home and corporate (but not cinema) markets under the ALPD brand. This means that the company now has a portfolio investment t
Source: GDC Sells 36% Stake to Cinionic’s Chinese Co-Owner – Celluloid Junkie