Hua Jian lighting intends to acquire 100% stake in wood science and technology on the 1

On December 29th news, Huajian recently issued notice that Huajian intends to 1 yuan acquisition of Liu Jinghua held Yiwu City wood electronic technology limited company (hereinafter referred to as the "wood science and Technology) 100% stake, after the completion of the acquisition, Huajian wood science and technology become wholly owned shareholders.

As of November 30, 2016, wood technology has not yet realized gains, registered capital of 1 million yuan, but did not pay, so the two sides negotiated transaction price of $1.

Announcements, Hua Jian lighting 2014, 2015, 1-2 months operating income was $41 million 720 thousand and 100, $56 million 278 thousand, 9 million 233 thousand and 900 yuan, net profit of $1 million 289 thousand and 200, $4 million 591 thousand and 700, -6.21 million.

The main business of Hua Jian lighting for decorative lamps. Products are mainly LED candle lights, LED decorative lights and other decorative lamps.

Hua Jian lighting, said the acquisition is the company's future business development from the point of view of the decision to help enhance the company's market competitiveness, expand the scope of business and improve the company's profitability.

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