Nov 29, 2021 05:30 PM (GMT+8) · EqualOcean
Financial Associated Press, November 29 - Wuzhong, Jiangsu announced that on November 29, 2021, Xiangshui Henglida, a wholly-owned subsidiary of the company, received part of the withdrawal compensation of 7 million yuan from the Management Committee of Jiangsu Xiangshui ecological chemical park. As of the date of this announcement, Xiangshui Henglida has received a total exit compensation of 132 million yuan. The company has transferred the assets to be disposed of by Xiangshui Henglida to the assets held for sale at the end of 2020, and has withdrawn the corresponding asset impairment provision according to the expected asset disposal loss. The withdrawal compensation received this time will not affect the company's profit this year.

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