China bead Holding increased investment subsidiary 43 million Yuan

China Bead Holdings (600568) announced that as a result of the development of the red Flag project needs, the company intends to increase the number of red flag in the Pearl 43 million yuan, the completion of this increase, the registered capital of the red flag from the existing 30 million yuan to 73 million yuan, still for the company wholly-owned subsidiary. Zhuhai Hongqi Investment Co., Ltd. business scope for project investment, investment consulting, property management, hardware, department stores, building materials, decorative materials wholesale, retail. As of March 31, 2010, the total assets of the red flag in the pearl is 25,649 30,000 yuan, the total liabilities of 6,295 250,000 yuan, net assets of 19,353.780,000 Yuan.　　Total operating income of 0 yuan, net profit-2,100 yuan (mainly for the project is being developed, not meet the settlement conditions). The company said that the increase in the red flag in the pearl, conducive to the company's operations, promote the development of the project, the company's current financial situation without adverse effects.