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BRIEF-Sichuan Western Resources' bus making unit punished for subsidy violation
September 30, 2016 / 1:41 PM / a year ago

BRIEF-Sichuan Western Resources' bus making unit punished for subsidy violation

Sept 30 (Reuters) - Sichuan Western Resources Holding Co Ltd

* Says bus making unit violated rules on green car subsidies, punished by China’s Ministry of Finance

* Says Ministry of Finance will recover 207.9 million yuan ($31.17 million) subsidies and its bus unit will be fined 62.4 million yuan

* Says share trade to resume on October 10

Source text in Chinese:bit.ly/2dq7paD

Further company coverage: ($1 = 6.6690 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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