Mido Energy plans to invest 1.24 billion to lay the lithium battery and financial dual business

Mido Energy (5.59, 0.510, 10.04%) announced on the evening of the 12th that Mido Energy plans to establish Sun Company's Mido Power to invest 398.6 million to acquire a 49.6% stake in Delangeng Power; the subsidiary Meidu Jinkong intends to increase capital by 150 million plus Not more than 700 million acquisition of Hangzhou Xinhehui Internet Financial Services Co., Ltd., after completion, obtained 34% of the shares.
New energy boosts energy industry
It is understood that Meidu Energy's subsidiary Zhejiang Meidu Moen Technology Co., Ltd. and Hangzhou Shuyi Investment Management Partnership intend to jointly invest 100 million yuan to establish Midu Power Battery Partnership, (including Miduene invested 51 million yuan, 51% of the shares are partners in the performance of Mido Power, and Hangzhou Shuyu invested 49 million shares in 49% of the shares. Mido Power intends to acquire a 49.6% stake in Delangeng Power, which is held by Shanghai Shiyi as a total of no more than 396.8 million yuan in cash. After the completion, Mido Power became the single largest shareholder of Delangeng Power. According to industry analysts, this is a significant progress in the application of graphene in lithium-ion batteries and supercapacitors since the establishment of the subsidiary Midoene in December 2015. The head of Midea Energy Securities said that after the completion of the transaction, the company will enter the field of new energy batteries, in line with the company's "energy-led (traditional energy + new energy)" strategic positioning, which will help further consolidate the company's energy business, The company's financial status and operating results have a positive impact, in line with the interests of all shareholders of the company.
Integrate resources into multiple financial industries
The announcement shows that Mido Energy's subsidiary, Meitu Financial Holdings, and Zhejiang Zhiji Holdings Co., Ltd. and Hangzhou Xinhehui Internet Financial Services Co., Ltd. (hereinafter referred to as “Xinhehui”) signed the “Agreement on Equity Acquisition and Capital Increase Intention”, The company will acquire a 6% stake in Xinhehui with a cash increase of no more than RMB 150 million, and intends to acquire a 28% equity interest in Xinhehui held by Zhiji Holdings for no more than RMB 700 million. After the transaction is completed, Midea Financial Control A total of 34% of Xinhehui is held. It is understood that since the establishment of Xinhehui in 2014, Xinhehui has become a breakthrough in the financial business of the bridge, and has become one of the largest professional short-term financial platforms in China. In terms of assets, Xinhehui has formed nearly 20 products in three series of banking, financial, security and securities value, and has assisted more than 5,000 high-quality small and micro enterprises, including 28 in Jiangsu, Zhejiang, Shanghai, Shandong and Guangdong. The city has set up branches or offices, providing a total of 70 billion yuan of funds. In terms of capital platform, after more than two years of development, Xinhehui has achieved a breakthrough of 30 billion yuan, 40 billion yuan and 50 billion yuan in transaction volume in 2016. At present, the cumulative number of registered users exceeds 5.5 million, and the cumulative investment exceeds 346,000. . Xinhehui is the vice chairman unit of Zhejiang Internet Finance Alliance and the executive chairman of Hangzhou Internet Finance Industry Association. In 2016, it became the first member unit of China Internet Finance Association.
Weng Yongtang, executive vice president of Mido Energy, said that after the company released the “Energy-led + Financial Innovation” strategy in early 2016, the management of the company has been looking for a suitable opportunity. This acquisition further strengthens the company’s deepening of domestic new energy and financial service platforms. Strategic intention and determination. Subsequent companies will continue to conduct mergers and acquisitions in the upstream and downstream industrial chain and new financial fields of lithium-ion batteries. Strengthen industrial synergy and complement each other to lay a solid foundation for the company's long-term strategic goals.

Slab gate valves are usually used for the oil & gas pipe-lines. 


Slab Gate Valve are manufactured with a full bore, slab gate, rising stem OS&Y and floating seats. Slab gate is a simple solid gate design, featuring metal-to-metal seal between gate and seats, to apply for the most severe service condition, including corrosive and abrasive fluid environments. A floating seat is designed to match the slab gate. A belleville spring and O-ring between each seat and body ensure a tight seal against the slab gate. The floating slab gate uses the natural force of line pressure to obtain a dynamically tight downstream seal in high-pressure differential applications. Low-pressure sealing is accomplished with an o-ring that energizes the seat and minimizes corrosion and debris build up. Common trims are available. 


Double block and bleed capability and automatic relief of excess body pressure are standard feature of this seat design.


The smooth, continuous bore minimizes turbulence within the valve and when in the open position it produces a pressure drop equivalent to a portion of pipe of same length and diameter. The seat faces are outside the flow stream and therefore protected from the erosive action of the flow. Pigs and scrapers can be run through the valve without damage.
Through Conduit Slab Gate Valve design minimizes and eases the maintenance allowing for the service operations to be done without the removal of the valve from the line.

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