On August 10, Qinshang Optoelectronics announced that in view of the overall layout and business expansion needs of the LED lighting market in Guangzhou, the company and the company, Ms. Li Yufang, negotiated to transfer the shares of Guangzhou Qinshang Optoelectronics Co., Ltd. 10% of the company's shares.
The company originally held 90% of the shares of Guangzhou Qinshang. After the transfer is completed, the company will hold 100% of the shares of Guangzhou Qinqin. At the same time, the company plans to increase its capital to Guangzhou Qinqin with its own funds, and its registered capital is 56 million yuan. It has increased to 210 million yuan, and the newly added registered capital of 154 million yuan has been increased by the company with its own funds.
Qinshang Optoelectronics said that this capital increase for Guangzhou Qinshang will enhance its financial strength and enhance its business development capabilities, thereby promoting the company's sustained and rapid development, further enhancing the company's competitiveness and profitability, in line with its long-term development strategy.
The company originally held 90% of the shares of Guangzhou Qinshang. After the transfer is completed, the company will hold 100% of the shares of Guangzhou Qinqin. At the same time, the company plans to increase its capital to Guangzhou Qinqin with its own funds, and its registered capital is 56 million yuan. It has increased to 210 million yuan, and the newly added registered capital of 154 million yuan has been increased by the company with its own funds.
Qinshang Optoelectronics said that this capital increase for Guangzhou Qinshang will enhance its financial strength and enhance its business development capabilities, thereby promoting the company's sustained and rapid development, further enhancing the company's competitiveness and profitability, in line with its long-term development strategy.
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