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Kunming Hi-Tech rewards stock-listed companies with 3 million yuan

Updated: 2014-06-19 16:42

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Firms newly listed on the stock market from Kunming National Hi-Tech Industries Development Zone were rewarded with 3 million yuan ($480,300) by the General Management Department of the zone.

Yunnan Copper Technology Corporation, and Atide Software Company, first-listed companies in the zone, got 700,000 yuan each. Later registered companies – Yunnan Akin Technology Corporation, Yin Fa Huan Bao, Lan Zuan Biological Technology, and Hendera Company, and another four Hi-Tech companies in the zone also got a fund of 200,000 yuan each.

The zone has long been trying to unite science and technology industries with financial capital, to improve rapid development within the zone. Since the issue of the ordnance in May 2012 to encourage and support companies getting enlisted in the stock market, the zone has set up a special fund and allocated 4.5 million yuan ($4720,450) in total, as well as deducting 10 million yuan ($1.6 million) in loan interest for these companies.

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