NetEase Finance February 16 Aerospace machinery and Electronics 16th issued a notice, will be in Hong Kong and the United States to set up a wholly-owned subsidiary, of which the Hong Kong subsidiary registered capital of 9.6 million U.S. dollars, the United States subsidiary registered capital of 1 million U.S. dollars. And in Luxembourg to set up a wholly-owned sun company, registered capital of 100,000 euros. According to the announcement, the Hong Kong subsidiary undertakes the aerospace PV overseas market's product sale, the power station project development and the investment financing and so on business, temporarily named as "Shanghai Space Holding (Hong Kong) Limited". U.S. subsidiaries as space photovoltaic North American operating platform, to undertake product sales, power plant project development and project investment and financing business. Tentatively entitled "Aerospace Photovoltaic North America Holdings Limited". The company will set up a wholly-owned sun company in Luxembourg through its Hong Kong subsidiary to implement the development business of PV power plants in Europe. The Luxembourg company invested 3 million euros and registered capital of 100,000 euros. The announcement also disclosed that the development of nearly three years of overseas photovoltaic power plants is 225 MW, of which 2011-year plan to implement 50 MW. The unit 16th low after the shock higher, closed up 2.24%, reported at 13.71 Yuan.
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