On the evening of (7), Mulinsen Co., Ltd. (hereinafter referred to as “the companyâ€) issued an announcement. The company further enhanced the cooperation relationship between the parties, fully utilized the advantages of all parties, broadened the company's profit channel, and decided to use its own funds. The company will increase the capital of Yiwu Harmony Guangcan Enterprise Management Consulting Partnership (Limited Partnership) (hereinafter referred to as “Harmony Guangcanâ€) in batches.
After the completion of this capital increase, the registered capital of Harmony Guangcan will increase from RMB 65.001 million to RMB 95.001 million, of which the company holds 84.2096% equity of Harmony Guangcan, Tibet Aiqi Huide Venture Capital Management Co., Ltd. (hereinafter referred to as “Aiqihuide†") Holding a 0.0001% stake in Harmony Guangcan, Zhejiang Yiwu Industrial Park Development Co., Ltd. (hereinafter referred to as "Yiwu Industrial Park") holds a 15.7893% stake in Harmony Guangcan.
Harmony Guangcan's shareholding structure before and after capital increase
According to the announcement, as of March 31, 2017, Yiwu Harmony Guangcan Enterprise Management Consulting Partnership (Limited Partnership) had total assets of RMB 652,734,600, total liabilities of RMB 413,300, and net assets of RMB 652,231,300. Net profit was 2,233,000 yuan.
Mulinsen said that this investment is the exploration and innovation of the company's development model. The source of funds is self-owned funds, which does not involve the use of raised funds. It has no real impact on production and operation in the short term. It will help the company to successfully acquire high-quality projects and accelerate the company's development in the long run. The pace will have a positive impact on the company's long-term development.
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