Guangzhou City agreed to allocate subsidies for 200 million LED projects of Guangri

[High-tech LED News] Guanggang Group announced that it has received the reply from the Guangzhou Finance Bureau of Guangzhou Municipal Finance Bureau on the financial subsidies for the Guangzhou Guangri Co., Ltd. LED project, and agreed to the city. Financial arrangements for the Guangri shares of the LED project special subsidies of 200 million yuan, in 2012, 2013, each allocated 100 million yuan.

Guangzhou Iron and Steel Co., Ltd. announced on June 4 that the company's asset restructuring transaction object Guangzhou Guangri Group Co., Ltd. applied for financial subsidies from relevant government departments to develop semiconductor lighting (LED) of its holding company Guangzhou Guangri Co., Ltd. project.

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