December 29, 2017 / 6:46 AM / in 6 months

BRIEF-Shenzhen Kangtai Biological Products says change of accounting estimates and accounting policy

Dec 29 (Reuters) - Shenzhen Kangtai Biological Products Co Ltd

* Says it adopted new accounting policy disclosed by the Ministry of Finance on May 10, regarding subsidy

* Effective June 12

* Says it will adopt weighted average method for inventory valuation, effective Jan. 1, 2018

* Says it will change the depreciation period of fixed asset building to 20 to 30 years, instead of 20 years, effective Jan. 1, 2018

Source text in Chinese:goo.gl/WNm5EA

Further company coverage: (Beijing Headline News)

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