On the evening of July 2, Hongli Optoelectronics announced that it would increase the capital of Guangzhou Zhongying Gongyuan Energy Saving Technology Co., Ltd. by RMB 24 million in cash, and subscribe for the newly added registered capital of RMB 24 million. 80% of the shares of Gongyuan, and the capital of this capital increase is the company's own funds.
It is reported that as of May 31, 2012, Zhongying Gongyuan had total assets of 4,689,100 yuan, total liabilities of 10,000 yuan, net assets of 4,689,100 yuan, operating income of 10,000 yuan, and net profit of -13,600 yuan.
After the capital increase is completed, Zhongying Gongyuan will have the requirements for the implementation of the “Guangdong Province Promotional Use of LED Lighting Products Implementation Plan†for the energy-saving service companies participating in the bidding, and can undertake the LED lighting project and other LED lighting projects in the public lighting field of Guangdong Province, which is beneficial to Promote Hongli Optoelectronics' LED lighting products and increase the market share of LED lighting products.
It is reported that as of May 31, 2012, Zhongying Gongyuan had total assets of 4,689,100 yuan, total liabilities of 10,000 yuan, net assets of 4,689,100 yuan, operating income of 10,000 yuan, and net profit of -13,600 yuan.
After the capital increase is completed, Zhongying Gongyuan will have the requirements for the implementation of the “Guangdong Province Promotional Use of LED Lighting Products Implementation Plan†for the energy-saving service companies participating in the bidding, and can undertake the LED lighting project and other LED lighting projects in the public lighting field of Guangdong Province, which is beneficial to Promote Hongli Optoelectronics' LED lighting products and increase the market share of LED lighting products.
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