A group then moves: the sale of Industrial Park, 90 million yuan capital subsidiary

Today morning, a group announcement, a wholly owned subsidiary of Huizhou City rectangular Lighting Energy Technology Co. Ltd. (hereinafter referred to as the "Huizhou square") the need for business development, the company decided to Huizhou a capital increase of 90 million yuan, after the completion of the capital increase, the registered capital of Huizhou square increased from 100 million yuan to 190 million yuan. After the completion of the capital increase, Huizhou is a wholly owned subsidiary of the company.

According to the announcement, Huizhou. Founded in 2012, including the operation of intelligent Home Furnishing and photoelectric products series and LED application products research and development, design, production and sales and supporting the project design, technical innovation, project arrangement, consulting services, contract energy management, plastic products, metal products, electrical appliances, electronic products, mold production and sales, industrial investment, domestic trade, goods and technology import and export, real estate leasing, property management.

A group said the company of Huizhou is the need to increase Huizhou rectangular rectangular business development, can further enhance the comprehensive competitiveness of Huizhou square, but also conducive to enhance the company's profitability and sustainable development of the company has played a positive role in promoting.

In addition, a group also announced that, in order to further meet the needs of production and operation, improve the utilization rate of assets, the company intends to invest in industrial Pingshan District of Shenzhen City Service Co. Ltd. sold in Shenzhen Pingshan New District Industrial Zone No. 3 Road (poly Longshan parcel number: G13115-0102). Group Pingshan Industrial Park (hereinafter referred to as the subject assets ").

Data shows, Ping Shan Industrial Park covers an area of 27293 square meters, construction area of 68070.56 square meters, is located in Shenzhen City Pingshan New District Industrial Zone poly Longshan Road No. 3. Pingshan industrial park land on November 2008 by way of auction, book value of 17 million 30 thousand and 200 yuan, 2 million 462 thousand and 600 yuan by the end of November 30, 2017 amortization, net book value of 14 million 567 thousand and 600 yuan. In addition, Ping Shan Industrial Park building in 2010 through the acquisition of self, book value of 156 million 949 thousand and 900 yuan, 46 million 427 thousand and 600 yuan has depreciated by 30 in November 2017, the net book value of 102 million 37 thousand and 600 yuan.

The company said the plans to sell assets to improve efficiency in the use of company assets, ensure the company actively funds for production and business activities, in accordance with the long-term development planning of the company, will help the company to optimize the asset structure, maximize the interests of shareholders.

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