"Hao" gas is towering, Linsen 300 million yuan capital development phase

M.L.S. yesterday evening announcement, the company intends to own funds 300000000 Yuan capital increase the development of crystal lighting (Xiamen) Co. Ltd. (hereinafter referred to as the "development of crystal"), through the acquisition of development capital crystal shareholding ratio increased from 10.91% to 25.50%.

June 28, 2016, the second session of the board of directors of the company's thirtieth meeting examined and adopted on the development of crystal lighting (Xiamen) Co., Ltd. additional investment in the motion. With the development of crystal and its shareholders Shenzhen the Great Wall development Polytron Technologies Inc, EpistarJVHolding (BVI) Co., Ltd., guanjing billion (Fujian) Electronic Co. Ltd (BVI), CountryLighting, Co., Ltd., LarganBrightHoldingsCo., there is no relationship between Ltd., the investment does not involve transactions because this does not constitute a major asset reorganization, and trading the amount has not reached the general meeting of shareholders of the investment scope, approved by the board after the implementation of.

The company also with the capital increase of deep science and technology, LarganBrightHoldings. After the completion of the capital increase, the total registered capital of the development of crystal increased from $184 million 944 thousand and 165 to $136 million 551 thousand and 724, of which a new registered capital of $48 million 392 thousand and 441.

After the completion of the capital increase, the proportion of shares held as follows:

Rawlinson said that after the completion of this investment, the company extends to the LED industry chain through strategic investment, to complete the layout of the whole industry chain, to play an important role in the future development of the company. At the same time, through the development of Bridgelux in the crystal with the United States patent technology and market cooperation, make the company related products patent barriers can effectively open up overseas, for the company's products to the internationalization of the laying of the road, which will further enhance the company's brand influence and core competitiveness.

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