UCM announcement is a huge step for their future growth in China. Uscom China Listed as National High Technology Enterprise by China
Some highlights: These National High Technology Entities are of recognised national value and are offered preferential support by a number of State Departments including MOST, the Department of Finance and the State Administration of Taxation, to promote their growth. Such benefits include: 1. Tax exemption from 25% to 15% 2. Priority for Governmental tenders 3. Direct regional grants of 50k to over 1million RMB 4. Preferential terms for future offices and plants (cost exempt in some regions) 5. Facilitation of future funding raising and bank loans 6. Improvement of company recognition and talent attraction 7. Accelerated depreciation of fixed assets 8. Listing in China Growth Enterprise Markets.
Way down on previous highs, taken a slice this morning.
