Brief: Global Bio-Chem Technology Group Says Dacheng Industrial & GP To Become Shareholders Of JV Co

Global Bio-chem Technology Co

04/05/2018 13:11

May 4 (Reuters) - Global Bio-chem Technology Group Co Ltd
 0809.HK :
    * DACHENG INDUSTRIAL & GP TO BECOME SHAREHOLDERS OF JV
COMPANY
    * DACHENG BIO-TECH TO MAKE CONTRIBUTION OF RMB78 MILLION,
DACHENG
INDUSTRIAL & GP TO CONTRIBUTE RMB10.1 MILLION AND RMB60 MILLION
    * ANNUAL DIVIDENDS TO BE DECLARED SHALL BE WITHIN RANGE OF
10% TO
40% OF DISTRIBUTABLE PROFITS FOR THAT FY
    * TO APPLY TO CSRC FOR LISTING OF JV WITHIN 5 YEARS FROM
DATE OF
COMPLETION OR TIME AGREED BY DACHENG INDUSTRIAL & GP

Source text for Eikon:  ID:nHKSV0v78 
Further company coverage:  0809.HK 

 ((Reuters.Briefs@thomsonreuters.com;))