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.
ZXY said that the company has received the fist industrial development funds of RMB 9.5 million which will be determined as deferred income.
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