Miskolc mayor Ákos Kriza on Friday said he signed a declaration of intent with a Chinese company on building a more than EUR 10 million LED assembly and development plant in the northern Hungarian city.

Kriza signed the agreement on a trip to China days earlier. Representatives of the Chinese company will visit Miskolc in June, he said.

Kriza said he had travelled to China with a government mandate. The Chinese company may only negotiate on the basis of a government mandate, he added.