On June 29, 2012, Sanan Optoelectronics received the “Anxi County Finance Bureau’s Notice on Disbursing the Financial Subsidy of the Sapphire Substrate Project of Sanan Optoelectronics Co., Ltd.†by the Finance Bureau of Anxi County, Fujian Province. The county government accelerated the goal of cultivating high-tech emerging industrial clusters, promoted the development of the LED optoelectronic industrial chain in Anxi County, and allocated 60 million yuan of “three science and technology†financial subsidies to the Sanan Optoelectronic Sapphire Substrate Project.
The money company has received it. According to the relevant provisions of the Accounting Standards for Business Enterprises, the subsidy is recognized as current income upon receipt and will have a positive impact on the company's 2012 interim results.
The money company has received it. According to the relevant provisions of the Accounting Standards for Business Enterprises, the subsidy is recognized as current income upon receipt and will have a positive impact on the company's 2012 interim results.
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