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Article: Tongxin International Ltd. Receives Conditional Recognition as a New and High Technology Enterprise in China.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Company enters into a 15-day waiting period prior to formal recognition;
status leads to reduction of income tax rate to 15% for a three-year period
CHANGSHA, China, Nov. 3 /PRNewswire-Asia-FirstCall/ -- Tongxin International Ltd. , a China-based manufacturer of engineered vehicle body structures ("EVBS") and stamped parts for the commercial automotive industry, today announced it has received provisional approval for a reduction in the Company's tax rate from the city of Changsha and the Hunan Province as a New and High Technology Enterprise in China.
As a condition of the approval, Tongxin International has entered into a 15-day waiting day ...