Brief: Global Bio-Chem Technology Group Updates On Suspension Of Production Of Changchun Dahe

Global Bio-chem Technology Co

16/12/2019 10:13

Dec 16 (Reuters) - Global Bio-chem Technology Group Co Ltd
 0809.HK :
    * SUSPENSION OF PRODUCTION OF CHANGCHUN DAHE
    * DECIDED TO CONTINUE TO SUSPEND PRODUCTION OPERATION AT
CHANGCHUN
DAHE UNTIL AROUND MID-FEBRUARY 2020
    * EXPECTS CHANGCHUN DAHE TO CONTINUE SALES OP PRIOR TO
RESUMPTION
OF PRODUCTION OPERATION AT FACILITIES
    * EXPECTED THAT SUSPENSION TO NOT HAVE SIGNIFICANT ADVERSE
EFFECT
ON FINANCIAL POSITION OF GROUP FOR FY
    * REVENUE & NET LOSS OF CHANGCHUN DAHE REPRESENTED 25.3% AND
37.4%
OF TOTAL REVENUE AND NET LOSS FOR 9 MNTHS, RESPECTIVELY

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