On May 07, NVC Lighting, a leading lighting supplier, earned 28.45% less than US$12.84 million in 2009. The company expects its consolidated profit at the end of June 2010 to be US$17.4 million.
Mainly engaged in the design, development, production, promotion and sale of a variety of lighting products NVC lighting, of which energy-saving products are most valued; lighting products, light source products and lighting electrical products accounted for 50.3%, 38.6% and 11.1% respectively .
According to product revenue, energy-saving products accounted for 60.1% of the Group's total revenue, and non-energy-saving products accounted for 39.9%. In 2009, the Group's overall revenue was US$306 million, up 19.23% year-on-year.
NVC Lighting plans to issue 728 million shares, 33.63 million old shares, 90% international placement, 10% public offering; offer price ranging from 2.03 yuan to 2.9 yuan, with a median of 2.465 yuan, net proceeds of approximately 1.646 billion yuan The stock is open for public subscription from 12:00 to 12 noon on May 7th, and is listed on the main board on May 20th; the sponsors are Goldman Sachs and HSBC; the entrance fee is RMB 2,929.27 per 1,000 shares.
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