Beijing Fuxing Xiao Cheng pioneering board application approved by SFC

Panorama September 17 The China Securities Regulatory Commission announced in Friday that the 58th meeting of the Board of Auditors in 2010 held September 17, Beijing Fuxing Xiao Cheng Electronic Technology Co., Ltd. 's first application was approved. Beijing Fuxing Xiao Cheng Electronic Technology Co., Ltd. This plan issue 13.7 million shares, the total share capital after the issuance of 54.8 million shares.　　The company's main business for the integrated circuit design and application, is committed to power line carrier Chip series of integrated circuit product design, development and market applications, and for the electricity companies, energy meter suppliers and other industry users to provide relevant technical services and complete solutions. The issue raised funds to invest in the digital transformer industrialization projects and China's Aurora Chip PL4000 project, the total investment of 242 million yuan, the remainder will be used for other business related to the operating capital. (Panorama net/Chen Danyong)