Shanghai Diesel shares of heavy vehicles with diesel project was included in the municipal key technological transformation project, will receive financial assistance funds 3,619 million, as of now, the company has received upfront grants 1,013 yuan.
The Shanghai Stock Exchange and Shanghai Boiler B shares announced on January 4 that the company recently received the "Shanghai Municipal Economic Informatization Committee and the Municipal Bureau of Finance issued by the Shanghai Municipal Commission of Economics and Information Technology and the Shanghai Municipal Bureau of Finance on the release of 2009. The notice of the special technical reform of key technologies (second batch of municipal key special technological reforms), the company’s heavy-duty vehicle diesel engine project was included in the municipal key technical transformation project plan, and will receive financial support funds of 36.19 million yuan. According to the progress of the project and the acceptance of the project, the funds will be disbursed in installments.
Up to now, the company has received the first grant of 10.13 million yuan.
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