Moso Power uses 270 million raised funds to increase capital Huizhou Maoshuo

Moso Power released an announcement on the use of raised funds to increase the capital of Huizhou Maoshuo Energy Technology Co., Ltd., according to the “Proposal on the Company's Fund Raising Projects” and the “Proposal to Amend the Initial Public Offering” Proposal for Raising Funds Investment Projects, the fundraising investment project is implemented by Huizhou Maoshuo through the method of increasing capital to the holding subsidiary Huizhou Maoshuo Energy Technology Co., Ltd. (hereinafter referred to as “Huizhou Maoshuo”), with a total investment of 270 million. yuan.

Moso Power intends to invest 270 million yuan in this fund to Huizhou Maoshuo, of which 92 million yuan is included in paid-in capital, and the difference of 180 million yuan is included in capital reserve. Shenzhen Maoshuo New Energy Technology Research Institute Co., Ltd. agreed to abandon this capital increase by the shareholders' meeting; after the completion of this capital increase, Huizhou Maoshuo's shareholding structure became: Maoshuo Power invested 99.6 million yuan, the proportion was 99.60%, Maoshuo Research Institute The capital contribution was 400,000 yuan and the capital contribution ratio was 0.40%. This capital increase does not constitute a connected transaction of the company.

As of December 31, 2011, Huizhou Maoshuo's total assets were 14.6933 million yuan, the total liabilities were 7,226,800 yuan, and the total net assets were 7.6667 million yuan. In 2011, it realized operating income of 0 million yuan and a loss of 476,600 yuan. As of February 29, 2012, Huizhou Maoshuo's total assets were 16.20 million yuan, total liabilities were 879.79 million yuan, total net assets were 740.86 million yuan. In 2012 and January 2012, operating income was 1.522 million yuan, and the loss was -58,100 yuan. The data is not audited.

This capital increase is a necessary condition for ensuring the steady implementation of fund-raising investment projects, which is conducive to improving the efficiency of the use of raised funds, promoting the long-term healthy development of the company, enhancing the capital strength and business development capabilities, and expanding production capacity to provide strong support for the stable growth of the company's future operating efficiency. The implementation of this capital increase will help the subsidiaries to implement the fund-raising investment project construction as soon as possible, improve the company's overall production capacity and manufacturing level, and achieve rapid development of the company, thereby enhancing the company's overall competitiveness and profitability.

LCD Writing Tablet is very new item in electronic market ,when it comes out ,had attract much people and popular with customers from all over the world. Colorful drawing tablet is a rewritable black board, which lets you take notes, make lists, leave a message, doodle and sketch just like writing on real papers.The LCD Writing Pad doesn't use any power until you erase, which can be done with a simple press of a button,and features a sealed internal battery that lasts for about 50,000 erases. Great solution for around the home, at the office or in the school. The Electronic Drawing tablet  isa real green and sustainable product.

Pen Tablet For Graphic Design


Lcd Graphics Tablet

LCD Writing Tablet

LCD Writing Tablet,Boogie Board LCD Writing Tablet,LCD Drawing Tablet,LCD Writing Pad

Shenzhen New Wonderful Technology Co., Ltd. , https://www.sznewwonderful.com