A-Power Energy Generation Systems (APWR)

Re: A-Power Energy Generation Systems (APWR)

Postby helios » Wed Jan 19, 2011 11:45 pm

Frankly, I don't like gucci or prada bags ... so, I'm still vested ...


A-Power Subsidiary Achieves High-tech Enterprise Status

High-tech status should permit a lower corporate income tax rate and easier access to government support
SHENYANG, China, Jan. 19, 2011 /PRNewswire-Asia-FirstCall/ -- A-Power Energy Generation Systems, Ltd. (Nasdaq: APWR) ("A-Power" or the "Company"), a leading provider of distributed power generation systems in China and a manufacturer of wind turbines, today announced that its subsidiary, Shenyang Ruixiang Wind Energy Equipment Co., Ltd. ("Shenyang Ruixiang"), has obtained its Certificate of State High-tech Enterprise, which is jointly issued by the Science and Technology Department of Liaoning Province, the Finance Department of Liaoning Province, the National Tax Bureau of Liaoning Province, and the Local Tax Bureau of Liaoning Province. The certificate is valid for three years.

Mr. Jinxiang Lu, A-Power's Chairman and Chief Executive Officer, said, "We are pleased to announce this achievement that highlights the significant progress we have made in our research and development capabilities. Receiving the certificate recognizes A-Power's technical expertise and also should permit reduced taxes for Shenyang Ruixiang."

As a result of obtaining the certificate, the corporate income tax rate for Shenyang Ruixiang should be reduced from 25% to 15%. In addition, A-Power believes that the certificate should make it easier for Shenyang Ruixiang to access Liaoning government support for its ongoing research and development efforts.

http://www.prnewswire.com/news-releases ... 96629.html
helios
Permanent Loafer
 
Posts: 3608
Joined: Wed May 07, 2008 8:30 am

Re: A-Power Energy Generation Systems (APWR)

Postby kennynah » Thu Jan 20, 2011 1:59 am

did you know that in the last few days, shenyang's weather was at -30C.... no joke...it's that bitingly and bitterly cold...
Options Strategies & Discussions .(Trading Discipline : The Science of Constantly Acting on Knowledge Consistently - kennynah).Investment Strategies & Ideas

Image..................................................................<A fool gives full vent to his anger, but a wise man keeps himself under control-Proverbs 29:11>.................................................................Image
User avatar
kennynah
Lord of the Lew Lian
 
Posts: 16005
Joined: Wed May 07, 2008 2:00 am
Location: everywhere.. and nowhere..

Previous

Return to A to D

Who is online

Users browsing this forum: No registered users and 7 guests

cron