Luoyang Glass (HKG:1108) Inks Tech Svc Agts, Fees RMB978K

   Date:2012-01-16

On 13 July 2011, Luoyang Glass Company (HKG:1108) entered into the temperature-rising technical services agreement with CNBMG International Engineering Group Company Limited, whereby Luoyang Glass has agreed to provide CNBMG International Engineering with temperature-rising technical services for a float glass production line with the service fees of RMB418,000.

On 13 January 2012, Luoyang Glass entered into the trial production technical services agreement with CNBMG International Engineering, whereby Luoyang Glass has agreed to provide technical services in relation to trial production of a float glass production line to CNBMG International Engineering with the service fees of RMB560,000.

CNBMG International Engineering is an indirect non wholly-owned subsidiary of CNBMG, which indirectly owns 70.70% equity interest in China Luoyang Float Glass (Group) Company Limited (CLFG), the controlling shareholder of Luoyang Glass.



 

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