The company stated that it will purchase 100% equity of the underlying company from Harmony Mingxin and Zhuo Rui Investment in the form of a combination of issuing shares and paying cash (hereinafter referred to as the issue of shares and payment of cash to purchase assets). At the same time, the company intends to raise matching funds to no more than 10 specific investors for non-public offering of shares (hereinafter referred to as this matching fund). Before the fundraising day, the 16th meeting of the third board of directors held by Mu Linsen reviewed and approved ten Seven motions. One of them is a proposal on issuing shares and paying cash to purchase assets and raise matching funds. The company stated that it will purchase 100% equity of the underlying company from Harmony Mingxin and Zhuo Rui Investment in the form of a combination of issuing shares and paying cash (hereinafter referred to as the issue of shares and payment of cash to purchase assets). At the same time, the company intends to raise matching funds to no more than 10 specific investors for non-public offering of shares (hereinafter referred to as this matching fund), the total amount of funds raised this time does not exceed 1.25 million yuan, and the matching funds are not more than planned to be purchased. The transaction price of the asset is 100%, and the number of shares issued does not exceed 20% of the total share capital of Mulinsen before the issuance. According to the announcement, the company acquired 100% equity of the target company by combining the issue of shares and payment of cash. Mulinsen paid 31.35% of the consideration of Mingxin Optoelectronics in cash, totaling 1.25 million yuan; 68.65% of the consideration of Mingxin Optoelectronics was paid by way of issuing shares, totaling 2,746 million yuan. In addition, the transaction intends to raise no more than RMB 1.25 million in matching funds for non-public offering of shares of no more than 10 specific investors for the Yiwu LED lighting application product project and to pay the relevant expenses for this restructuring. No more than 1.18 million yuan of the funds raised in this project will be used for Yiwu LED lighting application products project, and it is estimated that no more than 75 million yuan will be used for the payment of the relevant expenses of this restructuring. The data shows that the project is planned to build a new LED filament lamp production base in Yiwu Industrial Park, Zhejiang Province. The project design capacity is 217.17 million pieces per year, with a total investment of 1,286,862,100 yuan. The land, plant, warehouse, staff quarters, etc. required for the fundraising project will be obtained through the lease of the listed company to the listed company. The target company will be responsible for the cost of the decoration and supporting works of the corresponding building. 19,803.20 million yuan. Production equipment, auxiliary equipment and mold purchase and installation of 932.86 million yuan, construction period rent of 40.409 million yuan, reserve fee of 11.0362 million yuan, the initial working capital of 114.48 million yuan. The construction period of the project is 12 months, the calculation period is 9 years, and the operation period is 8 years. After the completion of the project, the production capacity will gradually increase. After two years of production and operation, the production will be completed, that is, the third year will reach the production, and the yield will be 96%.
Ethylene Glycol
It is mainly used in making polyester, polyester resin, hygroscopic agent, plasticizer, surfactant, synthetic fiber, cosmetics and explosives, as solvent for dyes/inks, antifreeze for engine, gas dehydrating agent, manufacturing resin, wetting agent for cellophane, fiber, leather and adhesive. It can produce synthetic resin PET, fiber grade PET namely polyester fiber, bottle chip grade PET for making mineral water bottle, etc. Also can produce alkyd resin, glyoxal, etc., also used as antifreeze. In addition to being used as anti-freeze agent for automobile, it is also used for conveying industrial cooling capacity, which is generally called refrigerant carrier.Ethylene glycol is a useful industrial compound found in many consumer products, including automotive antifreeze, hydraulic brake fluids, some stamp pad inks, ballpoint pens, solvents, paints, plastics, films, and cosmetics; it also is used as a pharmaceutical vehicle. Ethylene glycol has a sweet taste and is often accidentally or intentionally ingested. Ethylene glycol is chemically broken down in the body into toxic compounds. It and its toxic by products first affect the central nervous system (CNS), then the heart, and finally the kidneys. Ingestion of sufficient amounts can be fatal. Ethylene glycol is odorless; odor does not provide any warning of inhalation exposure to hazardous concentrations.
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