Dongguan Qinshang Optoelectronics Co., Ltd. (hereinafter referred to as “the companyâ€) held the 8th meeting of the 4th Board of Directors on July 25, 2017, and reviewed and approved the transfer of assets related to the semiconductor lighting business to wholly-owned subsidiaries. The bill of debt.
In order to meet the needs of the company's future development, the company intends to integrate the existing business and transfer its related assets and liabilities of the semiconductor lighting business to the wholly-owned subsidiary Qinshang Optoelectronics Co., Ltd. (hereinafter referred to as “Qin Shang Optoelectronicsâ€). After the completion of this transfer, the production and operation of the company's semiconductor lighting business is handled by Qinshang Optoelectronics.
The specific transfer plan is: the company's assets related to the semiconductor lighting business as of the transfer base date of April 1, 2017, 1,862,195,400 yuan, liabilities of 530,287,700 yuan, according to the net book value of 1,331,790,700 yuan (unaudited) free transfer to the service On the photoelectric.
Dongguan Qinshang Optoelectronics Co., Ltd. is mainly engaged in the production and sales of LED lighting products, LED backlights and LED displays, LED drive power and control systems, LED garden supplies, LED leisure products, household appliances, semiconductor lighting communications, visible light. Communication, crafts (Christmas gifts, lighting, etc.) and hardware products (storage racks, etc.), craft furniture, wire and copper materials and other raw and auxiliary materials, cables, PVC plastic materials, odd lights, optoelectronic components, electrical accessories LED chip packaging and sales, LED technology development and services, contract energy management; lighting engineering, urban lighting, landscape engineering design, installation, maintenance; energy-saving services; import and export of goods, technology import and export; social public safety equipment and equipment Manufacturing; education consulting services; educational exchange activities planning, cultural and artistic activities planning; technology development, technical consulting, technical services, technology transfer in the field of information technology; business information consulting services; software development. (Projects subject to approval according to law may be subject to business activities after approval by relevant departments).
Qinshang Shares directly holds 90% of Qinshang Optoelectronics Co., Ltd. The company's wholly-owned subsidiary, Guangdong Qinshang Semiconductor Lighting Technology Engineering Co., Ltd. holds 10% of Qinshang Optoelectronics.
The transfer of assets and liabilities related to the company's semiconductor lighting business is to adjust the company structure and implement business integration within the scope of consolidated statements, which is conducive to the optimization of the company's internal resources and business structure, improve overall management efficiency, and promote the company's better development.
A new rule from the Drug Enforcement Administration (DEA) threatens to upend the American hemp industry, and could even result in criminal prosecutions for manufacturers of CBD and delta-8 THC products.
The DEA says the [interim final rule," issued Aug. 20, is simply a matter of adjusting its own regulations to account for changes to the Controlled Substances Act that were mandated by the 2018 Farm Bill (or Agricultural Improvement Act) that legalized hemp and CBD production. The new rule [merely conforms DEA`s regulations to the statutory amendments to the CSA that have already taken effect," says the agency. The new rule doesn`t break any ground, according to the DEA.
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