Foshan lighting investment of 261 million

In a few days ago the company chairman, chairman secretary "cash cow" foshan lighting in the insider trading in the company operation has not appeared on the affected by too much. Yesterday, foshan lighting announcement said, the company will spend 25.5 million yuan established in qinghai as lithium electricity positive materials co., LTD., operating lithium battery cathode material production and sales. At the same time, the company plans to invest 261 million yuan in the master planning 1 YiAn iron lithium battery PACK production and integration of the base.

Announcement shows that lithium foshan lighting and hefei xin energy material co., LTD., qinghai power new energy materials co., LTD., is equal to the recently signed an agreement, jointly established in qinghai as lithium electricity positive materials co., LTD., the company registered capital is 50 million yuan, the main production and sales of lithium battery cathode material business. Of foshan lighting investment 25.5 million yuan, accounting for 51% of the total equity, as the first big shareholder. It is understood that the company in the early design production scale is 2000 tons/year, is expected to investment 100 million yuan, according to market demand to expand again after the capacity.

It is understood that since September 2009, foshan lighting, lithium carbonate extraction through investment projects, to a new energy lithium battery related areas, and planning the lithium carbonate materials, the anode material, lithium batteries, Indoor Light Fixtures,electric vehicle powertrain of new energy vehicles the core industrial chain. Has been completed on the porch hefei high-tech power energy co., LTD. 20% stake in the acquisition work, with dongchang motor (shenzhen) co., LTD and foshan speeding car manufacturing co., LTD. Jointly developed pure electric bus also has entered the stage of the vehicle installation.

Announcement, with the growing demand for electric cars and other energy storage, predicted the demand in the market of lithium iron batteries will be up to 10 YiAn and sustained growth, "as the master policy advantage and new energy vehicle industry chain core, the company in good factory build 1 YiAn iron lithium battery PACK production and integration of the base." According to reporter understanding, battery production base will be controlled by the foshan lighting, battery production base project total investment 261 million yuan, according to two phases, estimated sales income is 650 million yuan, after the after-tax profits of 075 million yuan, the project construction period about 8 months, project recovery period of 3.5 years.

It is understood that the announcement is the foshan lighting the sixth board of directors after the fourth meeting held yesterday, due to the large amount investment, and as the market hot project, so as to prevent the secondary stock market fluctuation, and protect the lawful rights and interests of investors, the company's shares were suspended yesterday for a day, and said in "published related announced on August 18, after the resumption of". But the announcement is not for the company's chairman, chairman secretary to respond on suspicion of insider trading.