Foshan Lighting invested 290 million yuan to increase the capital of Foshan Gaoming Fuwan Mountain Resort

On April 5, 2012, the Foshan Lighting Board of Directors reviewed and approved the “Proposal on Capital Increase to Foshan Gaoming Fuwan Shanshui Leisure Resort Co., Ltd.”, the board of directors agreed to the land, real estate, property and other assets related to the hotel industry. And the cash assets required to complete the capital increase (according to the relevant provisions of the "Company Law") to increase capital to the wholly-owned subsidiary Foshan Gaoming Fuwan Shanshui Resort Co., Ltd. (hereinafter referred to as "Fuwan Shanshui Resort").

Foshan Lighting intends to increase the capital of Fuwan Shanshui Resort on the basis of the estimated value of 290 million yuan on the assessment base date. At the same time, the capital increased by 33.20 million yuan. After the capital increase is completed, it is convenient for the company to transfer Fuwan Shanshui Resort as a whole under conditions and prices.

Fuwan Shanshui Leisure Resort Co., Ltd. was established on November 23, 2006 with a registered capital of 4.8 million yuan and Foshan Lighting 100%. The company is a limited liability company with business scope, western food production, Chinese food. Production, entertainment and sauna services. As of December 31, 2010, the company's total assets were 8.39 million yuan, net assets were 990,000 yuan, operating income was 20.32 million yuan, and net profit was 580,000 yuan.

Silica Soil Casting Parts

The first process of Investment Casting production is the manufacture of investment mold, investment mold is used to form the cavity in the refractory shell model, so in order to obtain the casting with high dimensional accuracy and surface finish, the investment mold itself should have high dimensional accuracy and surface finish. In addition, the performance of the melt itself should also make the subsequent shell making process as simple as possible. In order to obtain the above high quality requirements of the investment die, in addition to good pressure (pressing the investment die), but also must choose the appropriate mold material (referred to as the mold) and reasonable mold making process.

The advantage of the investment casting method is that it can cast complex castings of various alloys, especially high temperature alloy castings. For example, the blade of jet engine, its streamlined outer profile and cooling inner cavity, with machining process almost impossible to form. Investment casting process can not only achieve mass production, ensure the consistency of castings, but also avoid the stress concentration of residual blade lines after machining.

The biggest advantage of investment casting is that because investment casting has a very high dimensional accuracy and surface finish, so it can reduce the machining work, just leave a little machining allowance in the parts requiring higher parts, and even some castings only leave grinding and polishing allowance, without mechanical processing can be used. It can be seen that the investment casting method can greatly save machine tools, processing time and metal raw materials.

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