[news] Mu Lin Sen subsidiary received government subsidies, and established a subsidiary company.

Overseas investment to establish a subsidiary company

On the evening of 15 th, the announcement was made by the name exchange. The company intends to set up the project of Qingdao west coast landscape lighting optimization and upgrading project with its own funds and the Qingdao West Coast public utilities group project management Co., Ltd. (hereinafter referred to as "public group"). The results of the Department's approval shall prevail, hereinafter referred to as "item company".

According to the announcement, item company is mainly responsible for the optimization and upgrading of landscape lighting in Qingdao West Coast new area, including PPP project investment, financing, design, construction, operation and maintenance, advertising operation, stage and supporting facilities operation, leasing and other businesses. The registered capital is 10 million yuan, of which 9 million yuan is invested by the famous family, accounting for the proportion of equity. 90%, the public group subscribed 1 million yuan, accounting for 10% of the shareholding ratio.

The company's external investment to set up a controlling subsidiary is the implementation of the PPP cooperation agreement signed by the company and the local government. It can effectively enhance the brand awareness and influence of the company in the field of engineering lighting in Shandong Province, and will also help expand the engineering lighting business in Shandong and across the country. Conducive to the long-term development of the company, opening up a new prospect for future PPP projects, especially in the field of lighting engineering.

Kibayashi Moriko received $37 million 500 thousand from the government.

Yesterday, (18) evening, Yiwu announced that the wholly owned subsidiary of the Yiwu Mu Lin Sen Lighting Technology Co., Ltd. received the document of the Yiwu information and photoelectric high tech Industrial Park Management Committee on the allocation of industrial development subsidies of Yiwu Mu Lin Sen Lighting Technology Co., Ltd. (Yi Gao Xin [2018]46). He agreed to allocate 37 million 500 thousand yuan for the first batch of industrial development subsidy fund of Yiwu MLIN Sen Lighting Technology Co., Ltd. in 2018.

The company said the above funds were allocated to the Yiwu wood forest company account in June 15, 2018. The government subsidy received is expected to increase the total profit of the company to RMB 37 million 500 thousand yuan this year.

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