Foshan lighting to spend 80 million more financial management Director of the office changed "new Office"

After 2007 hit a new "sweetness", Foshan lighting (000541, closing price of 18.40 Yuan) again decided to use no more than 80 million yuan funds dedicated to purchase new shares, and the responsible department is the secretary for the secret office. Although the current market environment is not very optimistic, but the market is still abundant liquidity, the IPO is still favored by speculative funds, especially the Tuesday-listed fuling mustard (002507, closing price of 36.72 yuan), the plate has been on the exchange three temporary suspension, closed up to 191.64%.　　Speculation of new activities, the popularity of the IPO stability risk-free income attracted a large number of dozen new enthusiasts, in such a market atmosphere, Foshan lighting can not restrain, to take a new trip. Foshan Lighting Yesterday (November 24) evening Notice that, because the company has sufficient funds, in order to ensure the daily production needs and investment projects in the case of funds, to improve the use of idle funds, the proposed use of not more than 80 million yuan for new shares to subscribe and purchase brokerage financial products.　　Company general manager Zhongxincai and Dong secret office staff Zhou Xiangfeng as the person in charge, Dong secret Office for Responsible department. Foshan lighting at the same time promised that the new shares will use independent account, the purchase of successful timely sale, not two-tier market short-term trading.　　For the new stock purchase period, it means that according to the company's production and operation, decide when to draw back the funds used for new shares purchase. In fact, this is not Foshan lighting for the first time to purchase new shares, January 2007 Foshan Lighting Board of Directors considered through the "on the use of idle funds for deep, Shanghai Stock Exchange IPO plan", after 2007 years of Provisional General Meeting of shareholders, agreed to ensure the security of funds under the premise of the IPO subscription.　　At that time, the A-share market is the second phase of the bull, the Shanghai Composite index at 2,700 points, at that time to play a new activity, Foshan lighting has achieved very good economic benefits, and in 2008 years after the timely return of funds. In addition to the new subscription, Foshan Lighting also said it will use no more than 10 million funds for the purchase of "founder Qinguanyu 2nd Collection Asset Management plan." The Product manager is founder Securities and the custodian is the Bank of communications in China.　　The product portfolio includes stocks, funds, equity and currency categories, and is expected to yield no less than 10% a year. On the other hand, Foshan lighting at the same time last night announced that the company will participate in Xiamen Bank to increase capital shares, the use of funds a total of 111.7 million yuan, to subscribe to 41,208,750 shares.　　The expansion of the company's shares are divided into two periods: the first time before November 30, 2010, 53,604,342 yuan, subscription 19.7802 million shares; the second in 2011 two quarters invested 58,071,370 Yuan, subscribe 21,428,550 shares. Foshan Lighting said that participating in the Xiamen bank to increase capital shares is to use its own funds for financial investment, can improve the efficiency of capital use, open up new profit growth point, in line with the company's strategic investment planning and long-term interests.