Lighting energy saving project intends to raise 900 million investment in thermal rectangular lighting

Rectangular lighting May 25th evening release set by the plan, the company intends to not more than 5 specific objects, non-public offering of not more than 100 million shares, the total funds raised not more than 910 million 717 thousand and 500 yuan, to be used for lighting energy saving projects and add liquidity to PPP mode. Company's shares will resume trading on May 26th.

According to the plan, the company plans to cooperate with their partners to take advantage of their respective advantages to the PPP model based lighting energy services projects. Project plans to invest about 700 million yuan to raise funds to raise funds for investment in the past three years. At present, the company has identified Xinyang blue, Huaqi source, Africa energy-saving 3 lighting energy saving service providers for the first batch of strategic partners, with the future development of business lighting energy services company, will choose more partners to carry out similar operations. It is estimated that the after tax internal rate of return of the project is 18.03%. In addition, the company intends to invest 210 million yuan to raise funds to supplement working capital.

Rectangular lighting said that the non-public offering to raise funds will be invested in energy-saving lighting service project and add liquidity to PPP mode, and further enhance the financial strength, and the project lighting energy saving service carrier, strengthen the company's product sales ability, expand the company in the field of energy-saving lighting design, implementation, operation and maintenance of the integration the service ability, broaden the company's product chain, to further enhance the market position and influence in the field of LED lighting company, enhance the company's profitability.

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