Rainbow Refinement Holdings Greevecon

Rainbow Refinement (002256) November 11 announced that the company plans to acquire equity and the way to increase capital to achieve the Shenzhen Greevecon Environmental Protection Technology Co., Ltd., to develop indoor pollution control business. The announcement shows that the rainbow refinement with the relevant natural persons and Shenzhen Greevecon Environmental Protection Technology Co., Ltd. signed the "Equity transfer and capital increase agreement" on November 3, 2010, to 17.99 million yuan to acquire Greevecon 20% of the equity,　　At the same time to 57.568 million Yuan subscription Greevecon of the increase in capital, the company will hold Greevecon 51.22% of the equity. It is understood that Greevecon was established in September 20, 2001, the main business for indoor environmental pollution control and air purification products and special equipment technology development, production and sales. As at September 30, 2010, the total assets of the company amounted to 3,419 610,000 yuan, net worth of 2,822 550,000 yuan; 2010 1-September, Greevecon realized operating income 3,410 yuan, net profit of 940,000 yuan. On the reasons for the acquisition premium, Rainbow refinement, said Greevecon is engaged in indoor air quality integration solutions provider, in the field of environmental protection industry, and well-known brands; In addition, the company has a series of mature technology and products, and reserves a number of sustainable development of technical advantages.