Neoneon attack the gas station more than 100 million investment in the petrochemical development of energy-saving lighting

On October 30th news, according to reports, neo-neon announcement, enter into a contract with the Construction Bank and Huaxia Fund, Huaxia Fund Company agreed to participate in the operation plan, 105 million yuan investment in the construction of designated bank account, a period of 3 years.

According to the relevant provisions of the commission plan, and investment intends to invest primarily in Sinopec Sales of equity and equity related structured products and applicable securities law, bond funds, money market instruments, derivatives and other financial instruments.

Neoneon explain this investment, the company is refers to the relationship between the gas station and the development of energy-saving lighting device and its Associated company of Sinopec sales. Proposed investment projects for the company to provide an opportunity to strengthen cooperation with Sinopec sales.

In addition, the proposed investment projects will help improve the company's capital utilization efficiency and without affecting the working capital of the company or the company's main business operations, the company temporarily idle funds to obtain investment returns.

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