Yung-won ultra-micro to increase the investment of HK $7.58 million holding Zhuhai Zhong Jing Company

NetEase Financial November 18 News Yung-won Ultra Micro Thursday announced the announcement, the company intends to HK $7.58 million (in cash RMB 6.5 million yuan conversion) on the Zhuhai refined to increase the capital, the company holds a 70% stake in Zhuhai, to become a holding shareholder in Zhuhai.　　Zhuhai China Precision Machinery Co., Ltd. registered capital of HK $1.5 million, the main production and sale of their own processing wire and cable and enameled special equipment, electronic special equipment, testing equipment, tooling and accessories of the above equipment. Based on the audit report, based on the net assets of the audit in Zhuhai, Yung-won Ultra micro to the HK $7.58 million (in cash RMB 6.5 million yuan translation) of their own funds, unilaterally increase the capital Zhuhai Precision Machinery Co., Ltd., Zhuhai, the original shareholder to give up capital, completed, Yung-won ultra micro-accounted for 70% of the equity,　　To achieve the holding of the fine in Zhuhai. After the completion of the investment, Zhuhai, the total investment of the company is HK $7 million, registered capital of HK $5 million; among them, China Investment Services Limited Capital contribution is HK $1.5 million, accounting for 30% of registered capital, Guangdong Rong Sheng Ultra Micro Wire Co.　　Accounting for 70% of registered capital, the capital premium partly increases capital surplus. Yung-won Super Micro said, investment in Zhuhai, after the fine, on the one hand, enhance the capital strength of Zhuhai, and through closer business cooperation, will promote the technical progress of Zhuhai and the expansion of business; On the other hand, help to get rid of enameled wire equipment manufacturers rely on the formation of equipment independent research and development, equipment capabilities, to reduce costs, To promote product development and improve product quality will have far-reaching impact on the improvement of the company's long-term comprehensive competitive strength has strategic significance.