2012-08-29

Another Chinese village pays out golden dividends. plus a free house

Back in March I covered a village in Jiangsu that paid out gold and silver dividends (see:
Chinese villagers demand gold; 100g of gold and 100g of silver in dividends delivered to every resident
). Now a village in Hubei is doing the same to celebrate their 20-year anniversary.

Villagers reap gold bar, apartments as shareholders
It is learned that the village spent 34 million yuan to order custom-made gold bars from Shanghai before the Yujiatou Group marks 20th anniversary on Monday.

The 1,001 villagers each received a gold bar engraved with their names and they will also get new apartments from the village because each adult villager is a shareholder in the firm.

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