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Duoyuan (DGW) Special Committee Updates on Bank Balances

August 8, 2011 9:33 AM EDT
DGW Hot Sheet
Overall Analyst Rating:
    NEUTRAL (= Flat)
Duoyuan Global Water Inc. (NYSE: DGW) reports its Special Investigation Committee today announced that based on the available bank account statements, the Company's bank balances were approximately:
  • $24,362,243 plus RMB801,756,757, equal to about $146,648,369; and

  • $23,221,331 plus RMB683,530,316, equal to about $128,631,203.



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