Hotel business loss Foshan Lighting overall transfer hotel industry assets
On the 17th, Foshan Lighting (000541) held the second extraordinary shareholders meeting in 2012. The meeting reviewed and passed the “Proposal on Transferring the Equity of Foshan Gaomingfuwan Shanshui Leisure Resort Co., Ltd. by Public Auctionâ€. The company stated that the transfer of the entire share capital of Foshan Gaoming Fuwan Shanshui Leisure Resort Co., Ltd. is mainly aimed at developing its main business to prevent the company's hotel business from continuing to lose money and to avoid damage to shareholders' interests.
According to the company's asset evaluation, Foshan Gaomingfuwan Shanshui Leisure Resort suffered a loss in 2011. In this regard, Foshan Lighting said that the hotel industry is not the main business of the company, lacking the corresponding professional management capabilities. Moreover, the company is currently in the process of industrial upgrading and transformation, and needs to concentrate on the main business, so the resort and Fuwan Lake hotel project will be transferred as a whole.
According to Foshan Lighting, the company won the bid for the 2012/2013 financial subsidy promotion project for semiconductor lighting products, with a total of 400,000 promotion quotas. The winning products include LED downlights (4 inches / 12W) and LED spotlights (PAR30/8W, PAR38/12W). The company's executives said that Foshan Lighting will seize market opportunities and rely on its own brand advantages and channel advantages to enhance the company's comprehensive competitiveness and further stabilize the company's industry leading position.
According to the company's asset evaluation, Foshan Gaomingfuwan Shanshui Leisure Resort suffered a loss in 2011. In this regard, Foshan Lighting said that the hotel industry is not the main business of the company, lacking the corresponding professional management capabilities. Moreover, the company is currently in the process of industrial upgrading and transformation, and needs to concentrate on the main business, so the resort and Fuwan Lake hotel project will be transferred as a whole.
According to Foshan Lighting, the company won the bid for the 2012/2013 financial subsidy promotion project for semiconductor lighting products, with a total of 400,000 promotion quotas. The winning products include LED downlights (4 inches / 12W) and LED spotlights (PAR30/8W, PAR38/12W). The company's executives said that Foshan Lighting will seize market opportunities and rely on its own brand advantages and channel advantages to enhance the company's comprehensive competitiveness and further stabilize the company's industry leading position.
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