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Fujian Dongbai (Group) Co Ltd Announces Change in Accounting Policy

Friday, 19 Apr 2013 08:00pm EDT 

Fujian Dongbai (Group) Co Ltd announced that it will change its accounting policy regarding the depreciation period of transportation equipment from 10 years to five years, and change the estimated residual rate and annual depreciation rate respectively from 5% and 9.5%, to 5% and 19%, effective April 20, 2013. 

Company Quote

-0.12 -1.36%
10:29pm EST