Mu Linsen Subsidiary plans to increase the capital of the company by 190 million yuan

On the evening of (14), Mulinsen (hereinafter referred to as the company) issued an announcement. The 22nd meeting of the third board of directors of the company reviewed and approved the “Proposal on the Company’s wholly-owned subsidiary to increase the capital of the company’s wholly-owned Sun Company”. The wholly-owned subsidiary Mulinsen Co., Ltd. (hereinafter referred to as Hong Kong Mulinsen) used its own funds to its wholly-owned subsidiary Mulinsen (Jiangxi) Electronics Co., Ltd. yesterday (14) evening, Mulinsen (hereinafter referred to as the company) issued an announcement, the company's third board of directors The Twenty-Second Meeting reviewed and approved the “Proposal on the Company's wholly-owned subsidiary to increase the capital of the company's wholly-owned Sun Company”, and agreed to wholly-owned subsidiary Mulinsen Co., Ltd. (hereinafter referred to as Hong Kong Mulinsen) to use its own funds to wholly-fund Subsidiary Mulinsen (Jiangxi) Electronics Co., Ltd. (hereinafter referred to as Mulinsen Electronics) increased its capital by 30 million US dollars (equivalent to RMB 190 million). After the capital increase, the registered capital of Mulinsen Electronics increased from US$30 million to US$60 million. (equivalent to about RMB 380 million). According to the data, Mulinsen Electronics was established in August 2017. Last year, it achieved revenue of 248 million yuan and net profit of 32 million yuan. Its business scope includes: production and sales of liquid crystal display devices, light-emitting diodes and series of products, materials and accessories. Trade; production and sales of lighting fixtures and their import and export trade; production and sales of mechanical equipment, hardware products and electronic products (excluding automotive electronic devices and energy-type power batteries) and their import and export trade; urban lighting engineering services; lighting engineering design and construction; Energy-saving technology promotion services; landscaping engineering services; contract energy management (except for projects prohibited by laws and administrative regulations; projects subject to laws and administrative regulations must obtain a permit to operate). Mulinsen said that this capital increase is beneficial to Mulinsen Electronics to expand production and operation scale, improve asset structure, enhance its own operational capabilities, and help to further expand its business, in line with the company's business development strategy. The source of funds for this capital increase is the self-owned fund of Hong Kong Mulinsen. After the completion of the capital increase, Mulinsen Electronics will remain the company's holding company and will not affect the scope of the company's consolidated statements. After this capital increase, the development of Mulinsen Electronics will still be affected by objective factors such as market prospects and changes in industry policies.

Plastic Material

Plastic material has revolutionized the manufacturing industry, becoming a cornerstone of countless products and applications worldwide. Our factory is a testament to this revolution, specializing in the production of a diverse range of plastic products using various types of plastic materials.

One of the most common and widely used plastics in our factory is PVC, or polyvinyl chloride. PVC is a versatile material with excellent durability, chemical resistance, and insulating properties. It is often used in the production of piping systems, window frames, cables, and various other items that require resistance to corrosion and weathering.

Beyond PVC, our factory also works with a broad array of plastic materials, each with its unique characteristics and uses. Polyethylene (PE) is another common plastic, known for its lightweight and toughness, making it ideal for packaging, containers, and piping. Polypropylene (PP) is highly resistant to heat and chemicals, finding applications in automotive parts, household goods, and medical devices.

We also work with engineering plastics such as nylon and polycarbonate. These materials offer superior strength and rigidity, making them suitable for high-performance applications like gears, bearings, and optical components. Additionally, thermoplastic elastomers (TPEs) combine the flexibility of rubber with the processability of plastics, making them ideal for gaskets, seals, and other parts that require both elasticity and durability.

The versatility of plastic materials allows us to create a wide range of products that cater to different industries and needs. Using various plastic pellets or granules, we can mold, extrude, or injection mold various products such as bottles, packaging films, pipes, cables, automotive components, electronic housings, and more.

Our factory is equipped with state-of-the-art machinery and skilled workers who have extensive knowledge in plastic processing. We employ precision engineering techniques to ensure that each product meets the highest standards of quality and performance.

Moreover, we are constantly exploring new plastic materials and technologies to stay ahead of the curve. We believe in continuous innovation and strive to bring the best possible solutions to our customers.

In conclusion, plastic material is the cornerstone of modern manufacturing, and our factory is proud to be a part of this revolution. With our expertise in plastic processing and diverse range of products, we are confident that we can fulfill your needs and deliver exceptional results. We invite you to explore our capabilities and discover how we can contribute to your success.

pvc injection molding machine,Abs Raw Material Particle,pvc molding machine,Recycled Plastic Raw Material

Ningbo Outai Plastic Machinery Technology Co.,Ltd , https://www.outacmachine.com