Hundred Li Electric intends to invest 50 million yuan to form a joint venture company

NetEase Finance November 30 News hundred Li Electric Tuesday evening issued a notice, the company intends to work with the Quartet Huaneng Power Grid Control System Co., Ltd., natural person Zhang Xin Tong Joint investment set up Tianjin Hundred Square Smart Grid Technology Co., Ltd., the company invested 50 million yuan, accounting for the company's registered capital of 50%. The announcement shows that the quartet of China can contribute 4900 yuan, accounting for 49% of the registered capital of the joint venture company, with its own capital of 1 million yuan, accounting for the joint venture company's registered capital of 1% Zhang Xin.　　Among them, the quartet can be a combination of proprietary technology and monetary funds to finance. After assessment, Sifang China has the "Substation automation system related technology, dispatching automation system related technology, smart grid-related technology" research and development expenditure of 27,701,464.36 Yuan; The evaluation value is 45.29 million yuan whole.　　The total contribution of the Quartet is 49 million yuan, accounting for the new company's registered capital of 49%, of which 45.29 million yuan is funded by proprietary technology, the remaining 3.71 million yuan to complement the money. Li Electric said that this foreign investment is conducive to enhance the company's smart grid key technical level, through the cooperation between the technology, resources, capital, market and other advantages of integration, complement each other, rapid development of smart grid construction of the urgent need for Smart grid equipment (System), seize the market opportunities, rapid development and expansion