Siu Chi shares split LED lighting business will be independent listed three new board

Siu Chi shares Wednesday (July 15th) announced that a wholly owned subsidiary of Shenzhen zhaochi Energy-saving Lighting Co. Ltd. (hereinafter referred to as "energy-saving lighting") intends to start the restructuring of the establishment of a Limited by Share Ltd and apply for listing on the National SME share transfer system.

Energy saving lighting is mainly engaged in the development, production and sales of LED products. As of the end of 2014, its total assets of 1 billion 35 million yuan, net assets of $122 million, net profit of $2014 in the year 33 million 780 thousand.

Siu Chi shares said, energy-saving lighting for the restructuring of the Limited by Share Ltd, will fully promote the work for listing on the new board, this initiative is conducive to energy-saving lighting company to further improve the corporate governance structure, improve the management level, improve the incentive mechanism, stability and attract talents, and enhance core competitiveness.

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