Phoslock Environmental's subsidiary achieved High-Tech & reduced tax rate Status

  • Oct 28, 2019 AEDT
  • Team Kalkine

Phoslock Environmental Technologies Limited (ASX: PET) announced that its 100% owned Chinese subsidiary has achieved National High-Tech Enterprise Status by the Government of Beijing.

  • It added that this status defines a company, which is active in the high-tech space supported by the Government.
  • For achieving this status, an enterprise must be involved in the development of independent intellectual property rights as well as predominantly engaged in transformational new technology.

 

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