China Wood Technology subsidiary relocation will be compensated 30.2 million

Sinoma Science and technology today, according to the Suzhou National high-tech Development zone, the project Hing Yin Road and Hing Xian Bridge construction needs, Suzhou High-tech zone Hu Shu Guan Town People's government land expropriation relocation office and the company holding subsidiary of Suzhou Sinoma Non-metallic Mineral Industry Design Research Institute Co., Ltd. in the scope of the above projects in the area of land relocation and compensation for the settlement and signed the agreement, the company will be relocated to compensate for about $30.2 million,　　The compensation shall be obtained in phases as agreed by agreement. Su-non-company mainly engaged in large-scale non-mining engineering design, key equipment manufacturing and technical services, Sinoma holds its 75% stake. According to the bulletin, because the company's current main business for engineering design and technical services, the relocation did not involve its main business, therefore, the company and the Soviet Union normal production and operation of the business has no significant impact.