Sheng Xing shares: intends to Chang Sheng lighting capital increase of 25 million 500 thousand yuan in Guangdong

Shengxing shares May 23rd evening announcement said, in order to guide the direction with the trend of economic development and industrial policy of our country, actively seize the strategic opportunity to invest in the development of energy-saving environmental protection industry, Guangdong Chang Sheng Lighting Technology Co. Ltd. has high power xenon lighting source based on the invention patent, xenon lamp lighting source has obvious energy-saving effect of R & D and production a, in line with national low carbon requirements about energy saving, and by the support of national policy, and Guangdong Chang Sheng lead with the field, Sheng Xing and Deng Zhongwei shares 6 natural persons jointly in Guangdong Chang Sheng to increase their investment, the company intends to own funds to Chang Sheng Guangdong capital 25500000 Guangdong Chang Sheng Yuan, the proportion of equity capital after 51%.

Notice that the Guangdong Chang Sheng is mainly engaged in high power xenon lighting electric light source research and development, production, sales, mastered the core technology of xenon lighting electric light source and made a number of invention patents, which belongs to the Chinese national independent intellectual property products. The company acquired Guangdong Chang Sheng, the purpose is to grasp the opportunity of fast development of xenon lighting industry and industry matures formed a vast market space, to enter the energy-saving environmental protection industry, optimize the company's business structure, enhance the company's profitability and risk resisting ability.

The announcement also said that the capital increase after the completion of Guangdong Chang Sheng, Guangdong Chang Sheng will become a subsidiary of the company, into the company's consolidated financial statements, which help to optimize the company's business structure, expand the company's business areas, to achieve multi angle operation; help the company to create new profit growth points, enhance the company's profitability.

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