China Hainan Rubber Industry Group Co., Ltd. has released an announcement of receiving land resettlement subsidy.
The report says that because of the highway construction in Hainan province, the company received highway land resettlement subsidy of 136,766,326.18 yuan accumulatively since Jan.
The subsidized items include Qingle highway land resettlement subsidy of 66,491,759.42 yuan and Wanning-Yangpu highway land resettlement subsidy of 70,274,566.76 yuan.
According to the company, as the resettlement hasn’t be completed, the corporate accounting included the subsidy into other payables; when the resettlement is done, the remaining capital will be include in non-operating incomes.
