Topway Earns Tax-exempt Status
DVBCN, 9/27/10
Shenzhen-based cable TV operator Topway (002238.SZ) announced in a public filing that it has received tax exempt status for the period from 2009 to 2013. Shenzhen's network convergence trial plan will be announced in the near future, at which point Topway will be named as the company responsible for the trial, meaning a possible boost to its profile within the industry, as well as the possibility of further policy support.
Editor's Note: Topway will be named as one of the second round of companies selected for China's cultural industry reform trials. According to the publicly announced requirements for such companies, companies so named will enjoy preferential tax and policy support from the central government in the fields of arts and entertainment restructuring and cultural industry development - the reason for Topway's newly announced tax exemption.
Keywords: government support government initiative government policy government subsidy convergence television Topway cable TV cultural industry 002238.SZ
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