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Why does Zungui report its financial results in Canadian dollars?

April 26, 2017Canadian Dollars financial report results zungui

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Why does Zungui report its financial results in Canadian dollars?

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• • Reporting in C$ is largely as a matter of convenience for Canadian investors • • The Company’s operations are all in China and its functional currency is the Chinese Renminbi (RMB) • • There is little exposure to foreign currencies (neither buying nor selling in non-Chinese markets)