Shenji Group Kunming Machine Tool Company Limited (HKG:0300) announced that recently it received a document of confirmation from Yunnan Development and Reform Commission.

The document confirms that the CNC machine tool production and high-performance parts developed, produced and sold by the company is an encouraged industry which meets the condition of Industrial Structure Adjustment Guidance Catalogue 2011 issued by National Development and Reform Commission. Therefore, the company can apply for the relevant preferential tax policies for the extensive development of the western region.

Source:chinesestock.org