Huajian Lighting plans to acquire 100% stake in Mushang Technology for 1 yuan
Ningbo City Yinzhou Ruican Machinery Co.,Ltd , https://www.kstcasting.com
On the 28th, Zhejiang Huajian Lighting announced that the company intends to acquire 100% equity of Yiwu Mushang Electronic Technology Co., Ltd. (hereinafter referred to as Mushang Technology) held by Liu Jinghua for 1 yuan. After the completion of the acquisition, Huajian Lighting Become a wholly-owned shareholder of Mushang Technology. On the 28th, Zhejiang Huajian Lighting announced that the company intends to acquire 100% equity of Yiwu Mushang Electronic Technology Co., Ltd. (hereinafter referred to as Mushang Technology) held by Liu Jinghua for 1 yuan. After the completion of the acquisition, Huajian Lighting Become a wholly-owned shareholder of Mushang Technology. As of November 30, 2016, Mushang Technology has not realized the proceeds, and the registered capital is 1 million yuan, but it has not been paid in full. Therefore, the two parties negotiated to determine the transaction price is 1 yuan. Relevant information shows that Huajian Lighting successfully landed in the New Third Board at the end of September this year. The operating income in 2014, 2015 and January-February 2016 was 41.712 million yuan, 56.278 million yuan, 9.233 million yuan; net profit was 1,298,200. Yuan, 4,591,700 yuan, -62,100 yuan. Huajian Lighting's main business is the manufacture of decorative lighting. The main products are LED candle lights, LED decorative lights and other decorative lamps. Huajian Lighting said that the acquisition is a decision made from the perspective of the company's future business development, which is conducive to enhancing the company's market competitiveness, expanding the company's business scope and improving the company's profitability.