Overweight vehicle LED lighting REFOND Centrino 100 million yuan capital industry

REFOND 11 evening announcement, the company's future development strategy based on the car and optimistic about the prospect of the application of LED lighting market, to effectively promote the company with the layout of the LED lighting industry chain in the car, the company intends to raise funds invested 100 million yuan of Centrino vehicle industry Jiangsu Co. Ltd. (hereinafter referred to as "Centrino vehicle") capital increase, capital increase after the completion of will hold 16.66% stake in Centrino vehicle. The company intends to conduct vehicle Centrino raised 100 million yuan RMB capital will be mainly used for other purposes in the industry expansion, Centrino added liquidity and the company.

Centrino vehicle was established in May 2013, registered capital of 105 million yuan, the main business covers the automotive LED lamps, automotive electronics, automotive accessories, automotive lighting system, steering system and braking system of automotive research and development, production. 2016 operating income reached 271 million yuan, net profit of 13 million 586 thousand and 700 yuan.

Centrino vehicle existing shareholders and actual controllers commitment in 2017 -2019 Centrino vehicle industry to achieve an average annual net profit (with net profit after deducting non recurring gains and losses after the date) 52 million 670 thousand yuan and net profit of not less than 35 million yuan per year.

REFOND said the technology advantage in the LED field combined with the market, the company is increasing accumulation of vehicle lighting in the field of investment, industry as the leading domestic Centrino vehicle lighting company, the strategic cooperation will help the company accumulated technology and customer advantage quickly, to seek new opportunities for car lighting industry development. A solid foundation, to accelerate the company's overall layout in the application domain of LED. (text: LEDinside Nicole)

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