Foshan Lighting recently announced that it will provide financial support to its shareholding company Qinghai Folu Lithium Energy Development Co., Ltd. (hereinafter referred to as “Fuzhao Lienengâ€). The announcement shows that there is a relationship between the two companies. It is reported that this is the first time since Foshan Lighting was investigated by the China Securities Regulatory Commission that it has actively disclosed related transactions.
According to the announcement, Foshan Lighting will lend 43.32 million yuan to the Buddha Lithium, and the loan period is four months. Regarding this transaction, the company made it clear in the announcement that Foshan Lighting is a shareholding company of Fossil Lithium Energy and holds 38% of the shares. Therefore, Foshan Lighting and Lizhao Li can constitute a relationship, this financial support involves related transactions.
Regarding this proposal, the independent directors of the company unanimously believe that under the premise of not affecting their normal production and operation, it is beneficial to the overall interests of the listed company to help the participating companies realize their investment income at an early date. The announcement revealed that the proposal still needs to be submitted to the company's shareholders meeting for approval before it can take effect. The company said that the shareholders' meeting will be held on January 8 next year.
According to the announcement, Foshan Lighting will lend 43.32 million yuan to the Buddha Lithium, and the loan period is four months. Regarding this transaction, the company made it clear in the announcement that Foshan Lighting is a shareholding company of Fossil Lithium Energy and holds 38% of the shares. Therefore, Foshan Lighting and Lizhao Li can constitute a relationship, this financial support involves related transactions.
Regarding this proposal, the independent directors of the company unanimously believe that under the premise of not affecting their normal production and operation, it is beneficial to the overall interests of the listed company to help the participating companies realize their investment income at an early date. The announcement revealed that the proposal still needs to be submitted to the company's shareholders meeting for approval before it can take effect. The company said that the shareholders' meeting will be held on January 8 next year.
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