On April 8th, the company announced that the company increased its capital by 16 million yuan to its subsidiary Wuxi Shiyida Lighting. After the capital increase, the registered capital increased to 26 million yuan. The company holds 92.31% of the shares, and Wuxi Shiyida Electronics holds 7.69% of the shares.
According to the announcement, the capital raised from the Wuxi LED Lighting Marketing Network System Construction Project, one of the company's non-public offering funds, has a total raised capital of 16 million yuan and interest income of 47,000 yuan (from the end of the day to the implementation date). The impact of income, the specific amount is subject to the interest income carried over on the implementation date). After the completion of this capital increase, the registered capital of Wuxi Shiyida Lighting will be changed from the current 10 million yuan to 26 million yuan, and the remaining capital increase will be included in the capital reserve.
Shiyida said that the capital increase was carried out to meet the normal operational needs of Wuxi Shiyida Lighting, which is not only conducive to supporting its all-round development of LED lighting business channel construction and product development, but also to expand the broader market space. It is conducive to giving full play to the use efficiency of the company's raised funds.
According to the announcement, the capital raised from the Wuxi LED Lighting Marketing Network System Construction Project, one of the company's non-public offering funds, has a total raised capital of 16 million yuan and interest income of 47,000 yuan (from the end of the day to the implementation date). The impact of income, the specific amount is subject to the interest income carried over on the implementation date). After the completion of this capital increase, the registered capital of Wuxi Shiyida Lighting will be changed from the current 10 million yuan to 26 million yuan, and the remaining capital increase will be included in the capital reserve.
Shiyida said that the capital increase was carried out to meet the normal operational needs of Wuxi Shiyida Lighting, which is not only conducive to supporting its all-round development of LED lighting business channel construction and product development, but also to expand the broader market space. It is conducive to giving full play to the use efficiency of the company's raised funds.
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