Sunwave Receives Over RMB 3 Mln in Government Subsidies
Shenzhen Stock Exchange, 12/09/10
Mobile network coverage and optimization solutions provider Sunwave Communications (002115.SZ) has announced that it has received RMB 1.16 mln and RMB 2.32 mln in subsidies from the municipal government of Hangzhou and the government of Hangzhou's Bingjiang district, respectively. Sunwave has received the funds because its "TD-SDCMA Mobile Network Coverage Equipment Production Line Technology Overhaul" project has been classified as a Hangzhou Q3 2010 Industry Technology Overhaul Financial Assistance project.
Keywords: Sunwave wireless 002115.SZ wireless coverage production facility government subsidy TD-SCDMA government support
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