Mulinsen invested 426 million yuan in the LED project
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On March 25, Mulinsen Co., Ltd. (hereinafter referred to as Mulinsen) announced that the company reviewed and approved the “Proposal on the use of raised funds to replace the self-raised funds of the initial investment projectsâ€. The board of directors agreed that the company will use the raised funds of RMB 426.70 million. Replace the self-raised funds that have been invested in LED product projects in advance. According to the announcement, according to the Prospectus, before the fundraising is in place, Mulinsen will invest the fundraising project with self-raised funds. After the funds are raised, the funds will be replaced by the funds raised. As of March 11, 2015, Mulinsen pre-invested in the raised funds investment projects and funds as follows: Source: Mulinsen announced that the use of raised funds to replace the self-raised funds that have been invested in the raised funds investment projects, It is conducive to protecting the legitimate rights and interests of investors, improving the efficiency of the use of raised funds and maximizing the interests of investors. It was unanimously agreed that the company used the raised funds of RMB 4,262.7 million to replace the self-raised funds invested in the investment projects. At the same time, it was announced that the company will use the RMB 455,000 in the supplementary working capital project to permanently replenish working capital. Mulinsen said that the use of part of the raised funds to permanently replenish working capital can effectively alleviate the continuous expansion of the company's LED production scale, the funding bottleneck faced by the company's development, improve the company's financial structure, improve the company's asset quality, and enhance the company's resistance. Risk ability. It is understood that since Linlinsen's listing, the stock price has soared. Securities institutions said that in 2015, the LED market developed rapidly and LED concept stocks continued to rise.