Brief: Global Bio-Chem Technology Says Suppliers Debt Restructuring Arrangement Progressing

Global Bio-chem Technology Co

03/07/2025 16:32

July 3 (Reuters) - Global Bio-chem Technology 0809.HK:

SUPPLIERS DEBT RESTRUCTURING ARRANGEMENT IS PROGRESSING SMOOTHLY AND EQUITY SWAP AT COMPANY LEVEL

EQUITY INTEREST IN CENTURY DACHENG HELD BY SUPPLIERS PRC LLPS WILL BE SWAPPED WITH SHARES OF COMPANY TO BE ISSUED

ACTIVELY NEGOTIATING FOR DEBT RESTRUCTURING WITH OTHER SUPPLIERS- CREDITORS

PURSUANT TO SETTLEMENT, DEBTS DUE TO SUCH 33 REMAINING SUPPLIERS RMB34.51 MILLION AFTER DISCOUNT

Further company coverage: 0809.HK

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