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Baogang receives financial subsidy from municipal government

Monday, 28 March 2016 10:48:13 (GMT+3)   |   Shanghai
       
Inner Mongolia-based Chinese steelmaker Baotou Iron and Steel (Baogang) has announced that Baotou municipal government has granted it a financial subsidy of RMB 370 million ($56.84 million). The subsidy in question will be regarded as non-operating revenue in the company’s financial results.

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