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The Company pledged its property, plant and equipment of RMB 18 million (approximately $2.6 million) as collateral to secure this line of credit. In September 2018, the Company entered right into a line of credit score agreement with Jiangsu Rural Bank to borrow an aggregate of roughly $2.2 million as working capital for one 12 months . The land might be used for the construction of the Company’s manufacturing facility in Pizhou City, China. Pursuant to the settlement, the Company shall make a cost of roughly $198,116 to obtain the proper to make use of parcels of land of 8,374.4 sq. On July 8, 2018, the Company acquired a subsidy of approximately $0.32 million from provincial authorities to assist the agricultural improvement and industrialization task
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Other punishments embrace stopping defectors from getting best jobs and being publicly names as dangerous residents. The adherents of fine behavior reportedly get more matches on relationship websites, and can even get discounts on vitality payments, rent and higher rates of interest at banks. Punishments for unacceptable habits include bans from flying or getting trains, lowered web speeds, banning kids of defectors from the most effective colleges.
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