Honglitronic Newell to be renamed Hongli subsidiary capital 417 million yuan

Honglitronic June 7th evening announcement, the company intends to change the name of the company and the company securities referred to. The company intends to "Guangzhou Hongli Au Optronics Co" changed to "Hongli Newell group Limited by Share Ltd, the company securities referred to by" honglitronic "changed to" Hongli newell".

Honglitronic pointed out that since its establishment in 2004, the main business of research and development, LED device and its application in the production and sale of products. In recent years the management of the company according to the future development strategy formulated by the board of directors, after full investigation and repeated demonstration, in the LED industry bigger and stronger under the premise, actively layout vehicle networking industry, has laid a foundation for the company to create "LED+ car networking" double main industry.

As of now, the company shares the shares of Guangzhou science and technology plan ", bead boat bus, at the same time with the cooperation of professional investment institutions set up to invest in car networking industry fund. Future Ltd will continue to work in a variety of ways and means in the car networking industry layout, efforts to cultivate the second main business networking. Therefore, the company name has not fully and accurately reflect the company's future business content and characteristics, to better reflect the company's two main business layout, diversified development strategy is more conducive to the promotion of the company's board of directors agreed to change the company name and the securities referred to.

At the same time, the company also disclosed an investment announcement, the company intends to non-public offering to raise funds to a subsidiary of Jiangxi Hongli photoelectric Co. Ltd. (hereinafter referred to as Jiangxi Hongli) increase 417 million yuan. After the completion of the capital, the registered capital of Jiangxi Hongli increased from 250 million yuan to 667 million yuan.

According to the disclosure, the company in August 4, 2015 and August 24, 2015 respectively, the meeting of the board of directors and shareholders, will consider the non-public offering of 417 million yuan to raise funds into the "SMDLED project" by the company, the main project is a subsidiary of Jiangxi hongli. Honglitronic said, this investment in line with the non-public offering to raise funds use plan, is conducive to the smooth progress of the project investment and implementation, to further enhance the company's competitiveness and profitability.

For more information about LED, please click on LED network or pay attention to WeChat public account (cnledw2013).