[brief] Hongli first half of the forecasted, NVC allotment to raise 205 million......

Hongli Newell is expected in the first half yejiyuzeng

Yesterday (27) evening, Hongli Newell also disclosed the 2017 semi annual results notice, in 2017 half year net profit attributable to shareholders of listed companies was 158 million 464 thousand and 500 yuan to 179 million 133 thousand and 800 yuan, representing an increase of 15% to 30%.

Li Zhi Hui said that the main reason for changes in performance for the first half of 2017, LED lighting market needs to improve, the size of the company's business development, the main business to maintain a steady growth; 2017 semi annual net profit after deducting non recurring gains and losses attributable to shareholders of listed companies 111 million 464 thousand and 500 yuan -13213.38 million yuan, representing an increase of 20% ~ 40%.

NVC discount 2.4% shares to raise 205 million

NVC announced on the same day, rise limited placement totaling 257 million shares to finance 0.8 yuan per share, the price of 26 day closing price discount 2.44%. Net proceeds of $205 million were used for general corporate purposes, business development and operating capital requirements.

Upon completion, fortune Sheng Co., Ltd. will increase its shareholding from 4.05% to 10.48%, becoming the company's major shareholder.

The board has considered various ways to raise additional capital for future use, and that the issue of shares to raise additional capital suitable ways for the company, the reasons for the company to relatively bank loans or issuance of debt securities is low cost expanding capital base, and group's financial situation will be improved, and helps the group to establish and strengthen the existing and future business.

The establishment of the joint venture company Tecnon lighting

In June 27th, Tai Long (Fujian) commercial lighting Limited by Share Ltd (hereinafter referred to as "Tecnon lighting") announced that the company in June 2, 2017 held the second session of the eleventh meeting of the board of directors approved the "on the establishment of foreign investment joint venture company's motion", with Wang Xudong, Zhu Chunli agreed to jointly set up a joint venture company Shi Yuan (Xiamen) Lighting Technology Co. company.

Notice that the joint venture company registered capital of 5 million yuan, operating range of decorative lamps, lamps wholesale; retail; software development; information system integration; information technology consulting services; energy-saving technology promotion service; energy management contract. Recently, the "business license" issued by the Xiamen municipal market supervision and Administration Bureau has been issued.

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