Mulinsen delays resumption of trading and continues to promote the acquisition of LEDVANCE

Mulinsen (002745), which was suspended for nearly one month due to planning for major asset restructuring, disclosed the announcement on the evening of August 9. Because this major asset restructuring involves overseas assets, due diligence takes a long time and involves the competent commercial authorities and the National Development and Reform Commission. The approval and filing of the competent authorities such as the foreign exchange administration department. The current restructuring plan is still being further demonstrated and improved. The company's stocks cannot be reopened on August 15, 2016 and the restructuring plan is disclosed. Upon application by the company, the company's stock will continue to be suspended from the market opening on August 15, 2016.

The announcement shows that the main counterparty of this major asset restructuring is Yiwu Harmony Mingxin Equity Investment Partnership (Limited Partnership) (hereinafter referred to as “Harmony Mingxin”), which is Mulinsen and Zhuhai Harmony Excellence Investment Center (Limited Partnership) (hereinafter referred to as “harmonious excellence”), Harmony Haoquan Investment Management (Beijing) Co., Ltd., and Yiwu State-owned Capital Operation Center jointly established and established. Harmony Excellence is the executive partner of Harmony Mingxin. After the completion of the transaction, Harmony Mingxin is expected to hold more than 5% of the listed company's equity, so this major asset restructuring is intended to constitute a connected transaction.

The target company of this major asset restructuring, Harmony Mingxin (Yiwu) Optoelectronics Technology Co., Ltd. (hereinafter referred to as “Mingxin Optoelectronics”) is a special purpose company (SPV), which has no actual business. The SPV is intended to be in this transaction. The shareholders of the target company purchase 100% of the equity of the target company. The target company of this transaction is LEDVANCEGmbH (a company established under the laws of Germany) and LEDVANCELLC (a company established under the laws of the United States) (LEDVANCEGmbH and LEDVANCELLC are collectively referred to as "LEDVANCE"). LEDVANCE is mainly engaged in LED lighting related business. The transaction is planned to adopt the method of issuing shares and paying cash to purchase assets. The specific plan has not yet been determined.

At present, the company has signed the "Memorandum of Cooperation" with the target company Mingxin Optoelectronics shareholder Mingxin, and is further negotiating and communicating on the detailed transaction plan. The independent financial consultants, law firms and audit institutions hired are studying and demonstrating the specific plans for this major asset restructuring. Related due diligence and audit work are in progress. The parties confirmed that in this transaction, the target asset SPV acquired 100% equity of LEDVANCE of the target company as a matter for Chinese companies to acquire overseas enterprises. It requires the approval and filing of the competent departments of commerce, development and reform commission, foreign exchange management department, etc. The current transaction has not yet been promoted. To the stage of approval by the competent authority.

Moso Power (002660) released a semi-annual report. The company's sales receipts from January to June 2016 compared with the same period of last year, the main business income increased steadily, the company realized operating income of 569,120,635.39 yuan, an increase of 74.88 compared with last year. %.

In terms of profitability, the company achieved operating profit of RMB 8,068,915.81 in the first half of the year, up 121.98% year-on-year; net profit attributable to shareholders of listed companies was RMB 7,364,716.43, an increase of 126.28% over the same period last year.

Among them, the LED driving power business achieved revenue of 114.344 million yuan in the first half of the year, an increase of 134.36% over the same period of last year; the gross profit margin was 25.04%, an increase of more than 18 percentage points over the same period of last year.

At present, the company's products have covered switching power supply, LED indoor / outdoor lighting product drive, photovoltaic inverter, high power UPS, high-power variable frequency power supply and new energy vehicle intelligent charging pile, construction and operation of photovoltaic power station, flexible circuit board, etc. It is the world's leading supplier of power solutions and an iconic enterprise in the domestic power industry.

The announcement of the National Small and Medium Enterprise Share Transfer System shows that the listing application of Jiangsu Shanshui Energy Conservation Service Co., Ltd. (stock short name: Jiangsu Shanshui Securities Code: 838323) was approved and listed today.

Jiangsu Shanshui was established on November 3, 2010. According to the announcement, the operating income of Jiangsu Shanshui in 2014 and January-December 2015 was 10.6423 million yuan and 25,789,900 yuan respectively, and the net profit was 1,841,900 yuan and 5,146,200 yuan respectively.

According to the data, Jiangsu Shanshui Energy Saving Service Co., Ltd. is engaged in the contracting, design, construction and operation management of LED lighting energy-saving service projects through contract energy management mode. The company's main products include rail traffic lighting, road lighting, shopping mall supermarket lighting.

The company's major honors include the AAA grade certificate of the public facilities of the energy conservation service company and the AAAA grade certificate of the energy conservation service company's construction field. The promulgation institution is the Energy Conservation Service Industry Committee of the China Energy Conservation Association.

The announcement of the National Small and Medium Enterprise Share Transfer System showed that the application for listing of Ningbo Xieyuan Optoelectronics Technology Co., Ltd. (stock short name: Ningbo Xieyuan Securities Code: 838458) was approved and was listed today.

Ningbo Xieyuan was established on March 12, 2009. According to the announcement, Ningbo Xieyuan's 2014 and 2015 annual operating income were 5,761,800 yuan and 7,427,700 yuan respectively; the net profit was 441,100 yuan and 6,693,700 yuan respectively.

According to the data, Ningbo Xieyuan is mainly engaged in the R&D, production and sales of LED packages, especially the high-end process packaging technology of SMD LEDs.

Ningbo Xieyuan products can be widely used in various types of lighting, backlights, traffic signal indicators, indoor and outdoor display, automotive lighting and display of various electronic and electrical products.

Street Light Pole


Depending on your location and budget street Lighting Pole may include structures which are crafted from steel, aluminum, cement, wood or fiberglass.

street pole, street lighting pole

material: steel,Q235,SS400.

type:conical, octagonal, or polygonal ,mid-hinged ,taped and other shapes.

height:3-30m

Thickness:2-6mm

surface treatment: hot dip galvanization or hot dip galvanization and powder coated.

arm: single arm,double arms ,three arms or four arms.

Application: street ,road ,highway, park ,factory ,school and so on.

power souce: high pressure sodium light , metal halide light or flood light.or energy saving light.


Street Light Pole,Steel Lamp Pole,Street Pole,Street Lighting Pole

YIXING FUTAO METAL STRUCTURAL UNIT CO.,LTD( YIXING HONGSHENGYUAN ELECTRIC POWER FACILITIES CO.,LTD.) , https://www.chinasteelpole.com