Luoyang Municipal Bureau of Finance allocated " 30 million yuan as the compensation for production line relocation", "two loans, 25.5336yuan in total, alone with the interest 4.1760 million yuan, relisted as the financial subsidy to compensate for its loss from relocation of its production lines in its main production plant", said a notice of Luoyang Glass (600876) on Friday night.
As the three production lines relocated from the main production plant are its properties, said Luoyang Glass, it has transferred the above total of 59.7096 million yuan into the Company's account, and will account it for the profit of loss of 2012.
The third quarterly report of Luoyang Glass showed a loss of 41.5996 million yuan in the first three quarters.
Source:
http://www.glassinchina.com/news/newsDisplay_19827.html
