M.L.S. intends to planning billion investment industry company LED 5-15

M.L.S. on Friday (15 days) evening announcement said the company intends to planning for the LED industry China other domestic companies to invest in the way of capital, the amount of investment is expected in RMB 5-15 billion yuan, and hired a Shanghai Allbright law firm (Shenzhen), Ruihua CPA (special general partnership) to provide legal, financial services for investment matters.

Rawlinson said, in view of the above matters there are significant uncertainties, in order to ensure fair disclosure of information, maintaining the interests of investors, to avoid abnormal fluctuations in stock prices, upon application, the company stock since July 15, 2016 from the suspension at 13:00 p.m.. The company expects the suspension does not exceed ten trading days, the suspension period, the company will be released every five trading days trading matters progress announcement. After the completion of the relevant matters, the company will promptly disclose and resume trading.

In addition, the MLS announced that the company intends to limited partners as harmonious core Ming, with its own capital subscribed Yiwu harmonious mingsum equity investment partnership (limited partnership) invested 178 million 570 thousand yuan, accounting for the total subscribed capital 35.713%.

Announcement shows that the scope of the business is the core of equity investment, equity investment management.

Rawlinson said that after the completion of this investment, the company will share the enterprise foreign investment income according to the proportion of capital contribution and the partnership agreement, to improve the company's profitability and shareholder returns have a positive effect and influence. At the same time, with the help of the partnership for domestic and foreign investment in the LED industry, the company can carry out industrial layout and integration, expand new business opportunities, and further enhance the core competitiveness of the company's main business.

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