Uomnilamp to raise 1 billion 700 million overweight lighting project before the three season performance significantly advance by

Uomnilamp 29 evening announcement, the company intends to include the controlling shareholder of the company, the actual controller Cheng Zongyu, non-public offering of a total of not more than 70 million shares, the total funds raised not more than 1 billion 700 million yuan. Cheng Zongyu promised to subscribe for not less than 10% of the total number of shares issued and not more than 20%.

Uomnilamp said lighting construction business is a typical capital intensive and technology intensive business, all aspects of construction requires a lot of funds, financial strength directly determines the size and growth of the construction lighting engineering enterprises, to seize the market opportunities, enhance the company's ability to undertake business and regional development capacity, the company intends to use the 1 billion 300 million yuan to raise funds to supplement the project funds.

At the same time, LED landscape art lamps R & D and production base and experience demonstration center construction projects to raise funds to invest 200 million yuan. Project investment was completed and put into production, can form an annual output of 12000 sets of 30 sets of lights, custom landscape art city landscape art sculpture and 6000 sets of wisdom Street production capacity, landscape art lighting products support for the construction business of the company; at the same time, the project will be completed to experience the exhibition center, is conducive to more customers to truly experience the company's products the effects of. The project construction period is 24 months, the annual net profit of about $51 million 940 thousand.

In addition, the contract energy management has good energy saving effect and social benefit, is an important direction for future development of the company, but the contract energy management project investment is a relatively capital intensive business, project investment requires relatively large funds, therefore, the company intends to use the funds raised 200 million yuan for the development of energy contract project management.

Meanwhile, the company disclosed in the three quarter of 2016 (1-9 months in 2016) results notice, is expected to achieve net profit of $41 million 101 thousand and 300 - $50 million 586 thousand and 200, an increase of 30%-60% over the previous year.

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