Mu Linsen (002745) announced on the evening of June 30 that the company intends to set up a wholly-owned subsidiary “Shaanxi Mulinsen Lighting Co., Ltd.” with its own funds. The company’s wholly-owned subsidiary, Mulinsen (Hong Kong) Co., Ltd. plans to invest USD 500,000. Invested in India to set up a wholly-owned Sun company.

Mu Linsen said that the establishment of the above-mentioned wholly-owned subsidiaries and wholly-owned Sun companies will help expand the company's business scale, improve the company's sales channels and sales network, enhance the domestic and international market share and popularity of the company's LED products, and cultivate new profit growth areas for the company. To further enhance the company's comprehensive competitiveness and profitability in the domestic and foreign markets.

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