Luoyang Glass sells financial service unit

Luoyang Glass Company said it agreed to sell a 37% equity interest in CLFG Finance at CNY 140.112 million.
The CNY 59.21 million net sale proceeds will be applied as general working capital.
CLFG Fi…

Luoyang Glass Company said it agreed to sell a 37% equity interest in CLFG Finance at CNY 140.112 million. The CNY 59.21 million net sale proceeds will be applied as general working capital. CLFG Finance is a non-bank finance company and is principally engaged in the provision of financial services to the company and CLFG, the controlling shareholder.