Ligeance Mineral obtains RMB170 million of supporting funds from government
2017-12-22 17:04:10 [Print]
Ligeance Mineral reported on the evening of December 21 that the company received a notice on December 21, 2017 from Scientific & Technologic and Economic Development Bureau of Shuangliu District, Chengdu that supporting fund of RMB172
. 4 million would be appropriated to the company according to Supplementary Agreement (1) for Global Flagship Plant Project of Gardner Airlines signed by the company and the Government of Shuangliu District, Chengdu on October 26, 2017 . The fund is used for technical innovation, R&D of products and production expansion . The fund is used to pay interest on loans and other related expenses incurred by the company for the purchase of 100% shares of English Gardner Airlines Co . , Ltd.