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CAS: subsidiary company Access to state subsidies in 2009 a special investment funds

Post Time:Nov 09,2009Classify:Company NewsView:355

Recent days, CAS subsidiary company Hainan Zhonghang Special Glass Materials Co., Ltd. received a notice from Hainan Provincial Development and Reform Commission, Hainan Provincial Office for Industry and Information Technology which noticed that " 600t / d PPG Oxy-Fuel-line energy-saving Low-E coated glass production line project" carried by Hainan Zhonghang Special Glass Materials Co., Ltd. was recognized as state encourages the development project by "The state encourages the development the state encourages the development of foreign-funded projects of foreign-funded projects". At the same time, this project was also listed in  "Key industry revitalization and transformation (the first) third 2009 investment plan to expand domestic demand and the central budget" made by Hainan Province. Department of Finance in Hainan Province provides special investment funds 7,110 million yuan.

This special investment fund is made as a "600t / d PPG Oxy-Fuel-line energy-saving Low-E coated glass production line project" construction funds

 This investment subsidies is included in "deferred income subject".

Source: GlassInChinaAuthor: shangyi

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