On April 6, Ruifeng Optoelectronics (300241) issued a notice saying that Zhejiang Ruifeng Photoelectric Co., Ltd., a wholly-owned subsidiary, received an industrial development subsidy fund of RMB 50 million from Zhejiang Yiwu Industrial Park Management Committee on April 6, 2016.
The above subsidy funds companies are reflected in the “Out-of-business income-government subsidy†subject. The specific accounting treatment still needs to be confirmed by the audit firm's audit confirmation. Investors are advised to pay attention to investment risks.
In addition, Ruifeng Optoelectronics recently proposed to promote employee stock ownership plans. The total number of participants was 209, including 6 directors, supervisors and senior management personnel and 203 other employees. The total amount of funds raised was 27.5 million yuan, and the asset management plan was entrusted. The upper limit of the asset management plan was 55 million.
According to estimates, the asset management plan can purchase a company stock limit of about 3.5714 million shares, accounting for 1.42% of the company's existing share capital.
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