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ZXY received industrial development funds of RMB19.1197 million

Resource from:  CBCC Likes:188
Dec 22,2015
ZXY (Xiangyang Automobile Bearing Co., Ltd) announced on Monday that the company received industrial development funds of RMB19.1197 million, allocated by Administrative Committee of Xiangyang High-tech Development Zone, for the project construction of Tri-ring Xiangyang Automobile Bearing Industrial Park, including plant, equipment purchase and other expanses related to construction and relocation. ZXY said that the company has received the fist industrial development funds of RMB 9.5 million which will be determined as deferred income.
(CBCC)
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