On August 22, Sanan Optoelectronics announced that its subsidiary Anhui Sanan Optoelectronics Co., Ltd. received a subsidy of 31.2 million yuan from the 9 units of the Wuhu Municipal Government.
The “Investment Cooperation Agreement for Sanan Optoelectronics Wuhu Photoelectric Industrialization Project†signed by the company and the Wuhu Municipal Government of Anhui Province stipulated that the Wuhu Municipal Government shall provide corresponding proportion subsidies according to the progress of purchasing MOCVD equipment. The company recently announced that Anhui Sanan Optoelectronics Co., Ltd. purchased 107 MOCVD main production equipments from American Uyco Precision Instruments Co., Ltd. and AIXTRON AG of Germany. At present, the company has paid 9 pieces of equipment deposit according to the contract. On August 19th, Anhui Sanan Optoelectronics Co., Ltd. received a total subsidy of 31.2 million yuan from 9 units of equipment granted by the People's Government of Wuhu City, Anhui Province.
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