LIAN opto electronics subsidiary to apply for new board listing

LIAN photoelectric yesterday (27) on the evening of disclosure, the company agreed to hold a subsidiary of Xiamen Hualian Electronics Co., Ltd. as a whole and the change in the application of the National SME share transfer system listed Limited by Share Ltd.

Xiamen Hualian Electronics was founded in August 8, 1984, the registered capital of 129 million 290 thousand yuan, the company holds a stake of up to 50.01%. As of October 31, 2016, Xiamen Hualian electronic total assets of 733893669.54 yuan, equity attributable to the parent company of 308454817.39 yuan; 2016 1-10 month, Xiamen Hualian electronics achieved operating income of 772848622.53 yuan, net profit attributable to owners of the parent company 35265481.74 yuan.

After the restructuring, the name changed to Xiamen Hualian electronic Limited by Share Ltd, the registered capital of 129 million 290 thousand yuan.

The company said, Xiamen Hualian electronics intends to apply for listed on the new board is conducive to further improve the corporate governance structure, stimulate the vitality of Xiamen Hualian electronic business management, enhance the core competitiveness of enterprises, in line with the long-term development strategy of Xiamen Hualian electronics. Xiamen Hualian electronics successfully listed on the new board, the company can open transfer, will improve stock liquidity in Xiamen Hualian electronics, and the formation of effective exit mechanism shares, is conducive to the introduction of strategic investors, while increasing financing channels.

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