Bengang Steel Plates receives subsidy from municipal government
Wednesday, 06 January 2016 10:06:45 (GMT+3)
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Shanghai
Liaoning Province-based Chinese steelmaker Bengang Steel Plates Co. (Bengang Steel Plates), listed subsidiary of Benxi Iron and Steel (Group) Co. (Bengang Group), has announced that Benxi municipal government has granted it a financial subsidy of RMB 91.4562 million ($13.98 million). The subsidy in question will be recorded in the company’s non-operating income.
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