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Villagers reap gold bar, apartments as shareholders

People's Daily Online)  13:25, August 29, 2012

A villager shows her gold bar she just received on August 27.

Yujiatou village in Wuhan, capital of central China's Hubei province, gave each villager a gold bar worth some 36,000 yuan or 5,700 U.S. dollars in appreciation of their contribution to the village that owns Yujiatou Group Ltd.

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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