Brief: Global Bio-Chem Technology Group Updates On Capital Increase Agreement

Global Bio-chem Technology Co

03/01/2019 12:41

Jan 3 (Reuters) - Global Bio-chem Technology Group Co Ltd
 0809.HK :
    * DACHENG BIO-TECH, CHANGCHUN DAHE, FORTUNIX INVESTMENTS &
XINGTONG FOODSTUFF ENTERED INTO CAPITAL INCREASE AGREEMENT
    * DACHENG BIO-TECH TO CONTRIBUTE HK$8 MILLION AND XINGTONG
FOODSTUFF TO CONTRIBUTE HK$26.9 MILLION
    * GROUP'S  EQUITY INTEREST IN CHANGCHUN WANXIANG CORN OIL
WILL BE
DILUTED FROM 79.4% TO 43.5% AFTER CAPITAL CONTRIBUTIONS
    * EXPECTED GAIN FROM DISPOSAL WILL BE AMOUNTED TO ABOUT
HK$36
MILLION

Source text for Eikon:  ID:nHKS69pfFz 
Further company coverage:  0809.HK 

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