Mason extraction LED equity investment projects working capital a total of more than 20 million

Mason technologies (31) today announced that the company will from the LED green energy-saving lighting to raise investment projects to raise funds accounts to extract initial working capital of 14 million 453 thousand and 300 yuan, and agreed to the project savings to raise funds 1 million 272 thousand and 200 yuan (including interest income deducting fees by net interest income and fees, the actual amount transferred to the day out of bank settlement balances prevail) permanently add liquidity.

LED green energy-saving lighting to raise investment project plans a total investment of 96 million 760 thousand yuan, the actual funds raised 86 million 373 thousand and 700 yuan, the project in December 2013 to achieve the intended use and gradually put into use by the end of December 28, 2014, the total invested 71 million 497 thousand yuan to raise funds to be invested, plus 14 million 453 thousand and 300 yuan of liquidity, total investment will reach 85 million 950 thousand and 300 yuan to raise funds. Due to the current investment in equity investment projects has reached the design capacity, so the company decided to save 1 million 272 thousand and 200 yuan to raise funds and planned to raise funds raised by the company to resolve part of the funds 10 million 386 thousand and 300 yuan no longer continue to invest.

In addition, Mason technologies on the announcement that the company intends to raise funds accounts to extract available floating capital 8 million 109 thousand yuan investment projects from the new high efficiency chip LED offering (including interest income deducting fees by net interest income and fees, the actual amount transferred to turn out the balance of bank settlement date) for the to add the project cash flow.

The new high efficiency chip LED equity investment projects planned total investment of 126 million 910 thousand yuan, the project construction period of 18 months. By the early planning and defense policy adjustment, plant geological exploration deviation and contractor safety evaluation of construction engineering and fire retardation acceptance and other factors, make the project of the production plant construction delays, the company will achieve its intended use date to December 2014. Currently, the project has reached the intended use of the plant.

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