Debon Lighting Subsidiary won the bid of 170 million
On October 19th, Debon Lighting announced that the company's wholly-owned subsidiary Hengdian Group Zhejiang Debang Public Lighting Co., Ltd. (hereinafter referred to as “public lightingâ€) has received the tender from the People's Government of Yingshan Town, Dushan County, Guizhou Province. "Notice of winning the bid", but has not signed a formal construction contract.
The announcement shows that the construction of the successful bidding project includes: the part of the net heart valley square, the mountain part of the net heart valley square, the square building, the parking square; the north gate; the road lighting, the nine-door archway, the tourist distribution center, the Wengqiying plate, the nine holes The lighting project of Lianqiao, Hehuachi, Yuanlu, Duanyuan and Huanhu Road. The bid price of the project is 171,154,500 yuan and the construction period is 360 days.
Debon Lighting said that if the project won the bid to finalize the formal construction contract and perform it according to the contract, it will have a positive impact on the company's 2017 and 2018 business performance.
Snow Wright cancels guarantee for Fushun Optoelectronics
On October 19, Shellett announced that it had cancelled the guarantee for its subsidiary Fushun Optoelectronics Technology Co., Ltd.
On October 18, 2017, Shellett held the eleventh meeting of the fifth board of directors. The meeting reviewed and approved the “Proposal on Cancelling the Guarantee for the Subsidiary Fushun Optoelectronics Technology Co., Ltd.â€. Fushun Optoelectronics Technology Co., Ltd. (hereinafter referred to as "Fushun Optoelectronics") intends to apply for financing business to Guangzhou Commercial Bank Co., Ltd., due to the adjustment of Fushun Optoelectronics financing plan, the company provided a guarantee amount of 40 million yuan for Fushun Optoelectronics. The company agreed to cancel the joint liability guarantee for Fushun Optoelectronics to apply for financing business to Guangzhou Commercial Bank Co., Ltd., and cancel the guarantee amount of 40 million yuan.
According to the announcement, the company held the third meeting of the fifth board of directors on June 16, 2017, and reviewed and approved the “Proposal on Providing Guarantee for Subsidiary Fushun Optoelectronics Technology Co., Ltd.â€. In order to support the production and operation of the subsidiary Fushun Optoelectronics and guarantee the capital needs of its operations, the company agreed to provide joint and several liability guarantee for Fushun Optoelectronics to Ping An International Financial Leasing (Tianjin) Co., Ltd. to apply for financing business, the guarantee amount shall not exceed RMB 40 million. Providing joint liability guarantee to Guangzhou Commercial Bank Co., Ltd. for applying for financing business, the guarantee amount shall not exceed RMB 40 million.
Up to now, due to changes in the financing arrangements of Fushun Optoelectronics, the guarantee agreement between Fushun Optoelectronics and Guangzhou Commercial Bank Co., Ltd. has not been signed, and this guarantee has not been actually fulfilled. In order to reasonably arrange the guarantee amount, the company agreed to cancel the joint liability guarantee for Fushun Optoelectronics to apply for financing business to Guangzhou Commercial Bank Co., Ltd., and cancel the guarantee amount of 40 million yuan.
On the same day, Shellett's other announcement stated that in order to meet the daily production and business development needs, it is proposed to apply to Huaxia Bank for a comprehensive credit line of no more than RMB 100 million. Foshan Xuelaite E-Commerce Co., Ltd. and Sichuan Xuelaite Optoelectronics Technology Co., Ltd., the company's controlling subsidiaries, provided guarantees for the application of the comprehensive credit line to Hua Xia Bank. The guaranteed credit limit is no more than RMB 50 million. The validity period of the above guarantees shall be subject to the final signed guarantee contract.
The total guarantee amount is RMB 50 million, accounting for 2.46% of the company's latest audited total assets (June 30, 2017), accounting for the company's latest audited net assets (June 30, 2017) 4.91%.
The company stated that this guarantee is a guarantee for the parent company by the holding subsidiaries within the scope of the company's consolidated statements. The company applied to Huaxia Bank for a comprehensive credit line to meet the capital needs of normal production and operation, which is conducive to promoting the sustainable development of the company's business and improving operational efficiency. This guarantee is in line with the company's overall interests, the decision-making process is legal and compliant, and the company's credit status is good, with sound risk control, no uncontrollable guarantee risk, no damage to the company and all shareholders, especially the interests of small and medium shareholders. situation.
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