On March 14, Mu Linsen announced that the board of directors of the company reviewed and approved the “Proposal on the Company's wholly-owned subsidiary to increase the capital of the company's wholly-owned Sun Company†and agreed that the wholly-owned subsidiary Hong Kong Mulinsen will use its own funds to wholly-owned. The company's Mulinsen Mulinsen Electronics increased its capital by 30 million US dollars. After the capital increase, the registered capital of Mulinsen Electronics increased from US$30 million to US$60 million.
According to public information, Mulinsen Electronics' main business is liquid crystal display devices, light-emitting diodes and series of products, materials, accessories, lighting, mechanical equipment, hardware products and electronic products (except automotive electronic devices and energy-type power batteries), production and sales. And its import and export trade; urban lighting engineering services; lighting engineering design and construction; energy-saving technology extension services; landscaping engineering services and contract energy management.
As a wholly-owned Sun Company of Mulinsen, Mulinsen Electronics closely follows the Group's development strategy and market changes, and adjusts its corporate strategy in a timely manner. This capital increase will be more conducive to Mulinsen Electronics to expand production and operation scale, improve asset structure, and thus enhance its own operational capabilities, and help to further expand its business.
The announcement shows that the source of funds for this capital increase is the self-owned fund of Hong Kong Mulinsen. After the completion of the capital increase, Mulinsen Electronics will remain the company's holding company and will not affect the scope of the company's consolidated statements.
Gaogong LED noted that Mulinsen Electronics achieved operating income of 248 million yuan from January to December 2017, and net profit exceeded 31.8 million. Overall, its profitability continues to be good.
unit: yuan
After the capital increase of Hong Kong Mulinsen, it will enhance the overall operational strength of Mulinsen Electronics and further enhance its profitability. However, after this capital increase, the development of Mulinsen Electronics will still be affected by objective factors such as market prospects and changes in industry policies.
ZGAR bar 2000 Puffs
ZGAR electronic cigarette uses high-tech R&D, food grade disposable pod device and high-quality raw material. All package designs are Original IP. Our designer team is from Hong Kong. We have very high requirements for product quality, flavors taste and packaging design. The E-liquid is imported, materials are food grade, and assembly plant is medical-grade dust-free workshops.
Our products include disposable e-cigarettes, rechargeable e-cigarettes, rechargreable disposable vape pen, and various of flavors of cigarette cartridges. From 600puffs to 5000puffs, ZGAR bar Disposable offer high-tech R&D, E-cigarette improves battery capacity, We offer various of flavors and support customization. And printing designs can be customized. We have our own professional team and competitive quotations for any OEM or ODM works.
We supply OEM rechargeable disposable vape pen,OEM disposable electronic cigarette,ODM disposable vape pen,ODM disposable electronic cigarette,OEM/ODM vape pen e-cigarette,OEM/ODM atomizer device.
ZGAR bar 2000 Puffs Disposable Vape, bar 2000puffs,ZGAR bar 2000 Puffs disposable,ZGAR bar 2000 Puffs,ZGAR bar 2000 Puffs OEM/ODM disposable vape pen atomizer Device E-cig
ZGAR INTERNATIONAL(HK)CO., LIMITED , https://www.szdisposable-vape.com