Famous experts sign four-party supervision agreement to promote LED landscape art light project
Yesterday morning, Mingjiahui (hereinafter referred to as "the company") issued an announcement, and the company's wholly-owned subsidiary Lu'an Mingjiahui Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Liu'an Famous Family Exchange") signed the "Four-party Supervision Agreement for Raised Funds". And has set up a special account for raising funds in the bank of the fundraising account, the account balance is 200 million yuan, the special account is only used for the LED landscape art lighting R & D and production base and experience display center construction project.
According to the announcement, Mingjiahui was allowed to issue 44,760,935 RMB ordinary shares (A shares) to specific investors in a non-public offering, with an issue price of RMB 19.66 per share. The total amount of funds raised for this non-public offering of A shares was RMB 879,999,982.10. After deducting the expenses related to the issuance of RMB 16,516,637.78, the actual net proceeds raised were RMB 863,483,344.32. The above raised funds were all received on April 26, 2018.
In addition, on May 11, 2018, the 28th meeting of the second board of directors convened by the company reviewed and approved the “Proposal on the Use of Raised Funds to Raise Capital to the Subsidiary Companiesâ€, which was closed by the company in 2016. The proceeds from the issuance of the stock investment project “LED Landscape Art Lighting R&D and Production Base and Experience Exhibition Center Construction Project†were funded by RMB 20 million, and all the capital increase was included in the company’s wholly-owned subsidiary, Lu’an Mingjiahui Capital.
Mingjiahui said that in order to regulate the management and use of raised funds and protect the interests of investors, Lu'an Mingjiahui has opened a special account for raising funds in the Shenzhen Nanshan Sub-branch of Industrial and Commercial Bank of China Co., Ltd., and with the company and sponsor institution Guojin Securities The company has signed the "Tripartite Supervision Agreement on Raised Funds".
ul 30, 2021 (AmericaNewsHour) -- In a recent published report, Kenneth Research has updated the market report for Lithium Iron Phosphate (LiFePO4) Battery Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Lithium Iron Phosphate (LiFePO4) Battery Market products.
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