Further speed the pace of new energy expansion

Foshan Lighting (000,541, stock it) continue to increase the pace of its expansion of new energy. Foshan Lighting announced on yesterday evening, after the two accounting firms to audit and consulting, the company decided to formally acquire Hefei Hi-Tech Power Energy Co., Ltd. China Villa 20% stake. Meanwhile, the company will also replenishment of 8,769,200 according to its lithium-owned subsidiary of energy company Buddhism in Qinghai.

As early as last year, as main bottlenecks faced by economic crisis, Foshan Lighting have started a new field of energy distribution. September 2009, Foshan Lighting 38% stake in Qinghai Lithium Energy Development Co., according to the Buddha and the Qinghai Salt Lake Group (000,578, stock it), to the use of Qinghai Salt Lake brine discharged after extraction of potassium extraction of lithium carbonate. By the end of March this year, the company has invested 160 million yuan announced plans to buy 20% stake in China Hi-Tech Tower. Foshan Lighting secretaries to directorate Yi-hui told the media that China Hi-Tech Tower and operating lithium-ion battery materials, mainly solar and wind energy business, this acquisition with the company's lithium extraction project has been supporting the formation, the formation of new electric energy car chain.

In last night's announcement, Foshan Lighting also said that the Buddha according to its holding subsidiary of Qinghai Lithium Energy Development Co., Ltd. will increase the registered capital of 23.077 million yuan, from the 76.923 million yuan to 100 million yuan. Foshan lighting in the capital increase subscribed by 8.7692 million yuan in, after the capital increase total investment amounted to 37.9992 million yuan, to maintain the company's ownership percentage share of 38% unchanged.

The Foshan Lighting's "two-pronged", or indicate the company will increase its pace of expansion of new energy.

Power industry has frequently made the field of new energy

● 7 12, the new energy industry in Jiangxi Province lithium limited liability company and Yuan Bus Manufacturing Co., Ltd., Jiangsu special motor (002,176, stock it), Beijing Shenzhou Super Power New Energy Technology Development Co., Ltd. signed a new energy bus agreement further implement the motor vehicle and electric vehicle drive assembly of the R & D, trial production and the expansion of downstream industries to the lithium.

● South have the power (300,068, stock it) has also said it would continue to follow up the expansion of solar energy, wind energy, power and other related new energy, energy efficient industries. Meanwhile, its wholly-owned subsidiary of the South are battery replenishment of 76.18 million, and the southern part of the funds are used to produce 40 million AH battery company communications lithium iron phosphate transformation projects.