Shida plans to invest US$27 million to increase capital Wuxi LED project
[High-tech LED News] Shiyida (002137) recently announced that the company intends to increase its capital to Wuxi Shiyida Electronics Co., Ltd. with its own funds of 27 million US dollars. After the capital increase was completed, the registered capital of Wuxi Shiyida increased to US$35 million.
Wuxi Shiyida is a subsidiary of Shiyida Holding Co., Ltd., which holds 51% of the shares. The company's wholly-owned subsidiary, Shiyida Technology (Hong Kong) Co., Ltd. holds 49%. After the capital increase is completed, the company will hold 75% of its equity.
Shiyida said that this capital increase for Wuxi Shiyida is to enrich its development funds, optimize and improve the asset structure and financial structure, enhance market competitiveness, accelerate the construction of LED projects, and enhance the overall strength of the company.
In addition, the company also announced that it intends to invest RMB 20 million with its own funds to invest in the establishment of a wholly-owned subsidiary, Shenzhen Shiyida Trading Co., Ltd., aiming to broaden the company's business scope, optimize the operating structure and foster new profit growth points. .
As of March 31, 2011, Wuxi Shiyida had total assets of 366,775,400 yuan, total liabilities of 31,393,290 yuan, and net assets of 5,284,250 yuan. In 2011-1-3 months, it realized total operating income of 146,659,700 yuan and net profit of 8,878,900 yuan.
Wuxi Shiyida is a subsidiary of Shiyida Holding Co., Ltd., which holds 51% of the shares. The company's wholly-owned subsidiary, Shiyida Technology (Hong Kong) Co., Ltd. holds 49%. After the capital increase is completed, the company will hold 75% of its equity.
Shiyida said that this capital increase for Wuxi Shiyida is to enrich its development funds, optimize and improve the asset structure and financial structure, enhance market competitiveness, accelerate the construction of LED projects, and enhance the overall strength of the company.
In addition, the company also announced that it intends to invest RMB 20 million with its own funds to invest in the establishment of a wholly-owned subsidiary, Shenzhen Shiyida Trading Co., Ltd., aiming to broaden the company's business scope, optimize the operating structure and foster new profit growth points. .
As of March 31, 2011, Wuxi Shiyida had total assets of 366,775,400 yuan, total liabilities of 31,393,290 yuan, and net assets of 5,284,250 yuan. In 2011-1-3 months, it realized total operating income of 146,659,700 yuan and net profit of 8,878,900 yuan.
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