Increasing frustrated Topband shares

Increasing frustrated Topband shares (002139) said late yesterday, being short of money and had to abandon a subsidiary of Shenzhen Xin Yu City Power Technology Ltd ("Xin Yu city") added registered capital contributions funding priority, Zhang Enrui agreed that natural persons unilaterally funded $ 20 million, thereby losing to YuCity of Xin control. Topband shares main business as a smart controller, last year, the company decided to transition, to enter the field of lithium batteries. Subsequently, Topband shares started the pace of mergers and acquisitions. Last September, Topband shares launched directional add-issuance programme, intended to raise money $ 19.41/unit price $ 330 million, of which $ 147.6 million mainly for the acquisition and replenishment of YuCheng Xin building project of lithium batteries. 　　Topband share price of $ 20.9375 million last year acquired 67% shares in Xin Yu city, the first $ 15 million has been paid. But after the acquisition of Xin Yu city, Topband shares only to find that "Xin Yu city operating performance was poor diablo 3 power leveling, poorly operating cash flow, net worth is less than its registered capital. "Meanwhile, a planned orientationIssuance of permits expire, issuance of termination, therefore, increased the plan continued to increase in Xin Yu city plan cannot be implemented. Increased after the failed, though still think transition lithium batteries diablo 3 power leveling, but due to business growth in revenue, net profit fell, in desperation, Topband shares had to give up funding priority. And after Zhang Enrui funding, registered capital of Xin Yu city by 200 dollars increased to 45 million Yuan, Zhang Enrui 44.44% percentage, Topband shares dropped to per cent stake in 37.23%, Xin Yu city from Topband subsidiary holding of shares into shares of subsidiaries.