Mulinsen gained 83.5 million shares in the wholesale market to enter the global LED market

On the evening of March 7, Mulinsen announced that the company had received the approval of the CSRC on the approval of the non-public offering of shares of Mulinsen Co., Ltd., and approved that Mulinsen not issued more than 83.5 million new shares.

The contents of the reply are as follows:

1. Approved Mulinsen's non-public offering of no more than 83.5 million new shares.

2. The issuance of shares shall be carried out in strict accordance with the application documents submitted to the CSRC.

3. This batch is valid for 6 months from the date of approval of the issuance.

4. From the date of approval of the issuance until the end of the issuance of this stock, Mulinsen shall report to the CSRC in time and deal with it in accordance with relevant regulations.

It is reported that the board of directors of Mulinsen will handle the non-public offering of shares as soon as possible in accordance with the requirements of the above-mentioned approved documents and the relevant authorization of the company's general meeting of shareholders, and fulfill the information disclosure obligations in a timely manner. According to reports, as early as January 22, 2016, the China Securities Regulatory Commission issued an audit committee to review the application for the non-public offering of shares of Mulinsen Co., Ltd. According to the results of the meeting, Mulinsen’s application for non-public offering of shares was approved.

It is reported that Mulinsen Lighting built two LED lighting and component production bases in Jiangxi Xinyu and Ji'an in 2015, which is to prepare for better and faster entry into the global market. In 2016, Mulinsen is poised for development and is ready to enter the global LED lighting market. The issuance of new shares will also be able to reserve sufficient ammunition for Mulinsen's global expansion.

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