Silan Azure will obtain 17.82 million yuan government subsidies

APOLLOMI reporter

Hangzhou Silan Microelectronics CO.,LTD. announced in 24th evening April, that its wholly owned subsidiary Hanzhou Silan Azure Co.,Ltd will be funded by the municipal finance a total of 8.91 million equipment grant, as well as district-level financial funds of 8.91 million yuan.

Currently, Silan Azure will receive two grant funding totaling 17.82 million yuan (USD2.86 million), it will be included in “Deferred income”, the funding might be expected to have some impact on its profits of 2014