Sanan Optoelectronics (600703, shares it) announced on the evening of the 18th, the company's subsidiary Anhui Sanan Optoelectronics Co., Ltd. has received a total subsidy of 85.52 million yuan from 30 MOCVD equipments granted by the People's Government of Wuhu City, Anhui Province, after the company has obtained 10 units. Part of the equipment subsidy of 30 million yuan.
According to the “Investment Cooperation Agreement of Sanan Optoelectronics Wuhu Photoelectric Industrialization Project†signed with the People’s Government of Wuhu City, Anhui Province, it is agreed that the Wuhu Municipal People’s Government of Anhui Province will provide corresponding proportion subsidies according to the progress of purchasing MOCVD equipment. Anhui Sanan Optoelectronics Co., Ltd. has ordered 40 MOCVD main production equipments from US Veeco Precision Instruments Co., Ltd.
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