Asia
Asahi Yukizai Secures Approval for 3.9 Billion Yen Growth Investment Subsidy
Asahi Yukizai (TYO:4216) secured approval for a 3.9 billion yen large-scale growth investment subsidy to develop, manufacture, and sell miniature, precision valves for semiconductor manufacturing equipment, according to a Thursday filing on the Tokyo Stock Exchange.The company said the subsidy is part of the Japanese government's program to support labor-saving measures to raise the wages of medium- and small-scale companies.The actual subsidy amount may change based on investment results, fund usage, and post-project investigations.
TYO:4216
