Brief: Global Sweeteners Holdings - Dihao Foodstuff Entered Compensation Agreement With Local Government

Global Bio-chem Technology Co

30/09/2020 11:26

Sept 30 (Reuters) - GLOBAL Sweeteners Holdings Ltd
 3889.HK :
    * DIHAO FOODSTUFF ENTERED COMPENSATION AGREEMENT WITH LOCAL
GOVERNMENT
    * TOTAL COMPENSATION OF ABOUT RMB443.0 MILLION
    * UNDER DEAL, DIHAO FOODSTUFF SHALL SURRENDER DIHAO
PROPERTIES TO
LOCAL GOVERNMENT FOR COMPENSATION
    * GSH GROUP WILL UTILISE A PORTION OF PROCEEDS FOR
PREPARATION OF
RESUMPTION OF DIHAO PROPERTIES, AMONG OTHERS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS2FvxVV
Further company coverage:  3889.HK 

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