Focus Lightings intends to increase capital of RMB500 million in its subsidiary
2021-05-28 14:44:15 [Print]
On May 25, Focus Lightings announced that it held the 40th meeting of the second board of directors on May 25, 2021, and reviewed and approved the Proposal on the Use of Raised Funds and Self-owned Funds to Increase Capital to Subsidiary to Implement Fundraising Projects (hereinafter referred to as Proposal).
According to the announcement, the Proposal agrees to increase the capital of Focus Lightings to its subsidiary Focus Lightings Tech (Suqian) Co., Ltd . by RMB500 million (USD77 . 12 million) for the implementation of the company's stock issuance to specific targets to raise funds for the investment "High-efficiency LED chip expansion and upgrade project".
According to the announcement, the Proposal agrees to increase the capital of Focus Lightings to its subsidiary Focus Lightings Tech (Suqian) Co., Ltd . by RMB500 million (USD77 . 12 million) for the implementation of the company's stock issuance to specific targets to raise funds for the investment "High-efficiency LED chip expansion and upgrade project".