Sunday, November 10, 2013

Yankon Recieves Government Subsidy for High-Power Lighting


Yankon announced the company has finally received cleared funds for the 2012 high-power lighting product promotion subsidy from the government totaling RMB $122 million (US $20 million).


The company states that the aforementioned subsidy will be considered as non-operation income and be included in the company's recent profits and losses. It is not expected to influence 2013 year net profits.






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