Zhongshan Mulinsen Electronics Co., Ltd. announced that it expects to receive CNY 1.795 billion in funding from MLS Co., Ltd.
January 28, 2019
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Zhongshan Mulinsen Electronics Co., Ltd. announced that it will raise CNY 1,795 million in equity round of funding on January 29, 2019. The transaction will include participation from returning investor MLS Co., Ltd. (SZSE:002745). Post transaction, the registered capital of the company will increase from CNY 5 million to CNY 1,800 million. The transaction was approved by the 31st meeting of the 3rd directorate of the investor. Post the closing, the investor will continue to retain its stake of 100% in the company.
MLS Co., Ltd. is a China-based company principally engaged in the research, development, manufacture and distribution of light emitting diodes (LED) packaging and application products. The Companyâs main products include LED lamps, Surface Mounted Devices (SMD) series and LED applications, among others. The Company's products are mainly used in indoor and outdoor lighting, lamps, landscape lighting, home electronics, traffic signals, flat panel display and lighting engineering. The Company distributes its products in domestic market and to overseas markets.