LED Rawlinson enterprises invested 21 million yuan to set up three subsidiaries

The May 20, 2015 announcement, Mu Linsen (002745) on May 19, 2015 held the second session of the thirteenth meeting of the board of directors approved "on the investment to set up a subsidiary of the motion", the company invested 1 million yuan respectively, 10 million yuan, 10 million yuan in Guangxi set up a wholly owned subsidiary of Guangxi Mu Linsen (consulting trading) Lighting Appliance Co. Ltd., in Gansu and natural Wang Lijuan set up a joint venture subsidiary Gansu Mu Linsen Lighting Co. Ltd, in Jilin province and the natural person Qin Yujie to set up a joint venture subsidiary Jilin Mu Linsen Lighting Co. ltd.".

It is reported that MLS is mainly engaged in LED packaging and application products R & D, production and sales. The company to meet the needs of business development, enhance the comprehensive competitiveness of the company, the company relies on R & D strength, in a strong position to Lamp LED market, SMD LED increased R & D investment, and appropriate to the LED application extension of industrial chain. The establishment of the investment subsidiary of the main company in order to expand the market of lighting products, broaden product sales channels, enhance the company's LED product market share and reputation in the domestic market, to further enhance the company's overall competitiveness and profitability, enhance the company's overall performance and profitability.

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