On December 14, Mulinsen (002745) announced that the company held the 22nd meeting of the second board of directors on December 11, 2015, and reviewed and approved the “Proposal on Capital Increase for Hong Kong's wholly-owned subsidiariesâ€. In order to strengthen the capital strength of the company's wholly-owned subsidiary, Mulinsen Co., Ltd., the company decided to increase its capital in batches with its own funds of 47 million US dollars.
Mulinsen’s capital increase for the wholly-owned subsidiary Mulinsen Co., Ltd. aims to enhance its own operational capability and operational qualification by enhancing the limited capital strength of Mulinsen, which will help promote its better business and help to further optimize the limited capital structure of Mulinsen. To promote its healthy and rapid development, in line with the company's development strategy, in line with the interests of all shareholders and the company.
According to Lin Jiliang, executive general manager of Mulinsen, the company basically reached an important stage in the long-term layout in 2012-2015. The country has achieved outstanding results in terms of brand awareness, channel visibility, product richness and quality reputation; foreign markets have also achieved construction in the Americas, Southeast Asia, India, Middle East, Central Asia and Africa markets.
As early as October 13, 2015, the company disclosed a plan to increase the number of non-public issuance of A shares of no more than 83.5 million shares, raising funds of no more than 2.316 billion yuan, for Xiaolan SMDLED package expansion project, Ji'an SMDLED package first phase Construction project, Xinyu LED application lighting construction project. On November 7, the company announced that it intends to participate in the bidding for some of the lighting business assets of OSRAM Licht AG (Osram), and authorized Sun Qinghuan to represent the company to discuss the acquisition and sign the relevant documents.
According to statistics, Mulinsen ranked 9th among the top 10 LED companies in the world in 2014, ranked 3rd in the domestic packaging company's revenue ranking, and ranked 2nd in the 2014 Lighting Top 100 list.
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