Take on the acquisition of Lumileds speedboat LED Tiancheng business can be expected

The main business is the international news Tiancheng Wen Wei Po in the mainland and Hongkong financial business and investment business, has been with the government of Gibraltar reached a strategic framework agreement, including the establishment of a joint venture Asset Management Co, opened the Internet Bank in the local, is expected next year in the implementation of.

The Internet Bank in Europe and the Middle East and Chinese as the target market, the remote account, 24 hours to take stock of money and rich financial products and docking. In addition, the group recently raised $3 million 978 thousand to the Burma Telecom facility provider Golden $11 to keep the voting rights at the level of 51%. Golden 11 main business for the construction of the Burma railway station, tower and optical network community, is expected to be long-term positive group revenue performance.

In April this year, the group and the Jinsha River venture capital fund consortium, signed an agreement with PHILPS, PHILPS to $3 billion 300 million acquisition from the spin off of the Lumileds 80.1% equity and "PHILPS" trademark use rights for 20 years, including more than 600 items related to LED production and automotive lighting patent to transfer Lumileds of PHILPS company, will help to help group enter the large LED market. At present, the group is in talks with the government in European countries, to assist the town area free will be replaced with LED lights, and collect the local government every year and therefore saved a part of electricity as profits, is worth looking forward to the prospect.

At the end of June this year the year ended, the group's turnover increased by 25.7% year-on-year to 51 million 190 thousand yuan, but net profit back 33.9% to 13 million 170 thousand yuan, earnings per share of 0.7 cents. At the end of the year, the group held up 6 to $690 million in cash, plus no borrowings, asset liability ratio was zero, financial stability. On the trend, the August 25th low of 1.7 yuan bottomed out, after a period of 10 days and 20 antenna level falls, STC and 14 RSI had no obvious rebound signal should be low when 2 yuan (2.14 yuan to absorb yesterday closing), rebound resistance is 3.2 yuan, down 1.7 yuan continued to hold on.

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