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Global Bio-chem Technology Group Co. Ltd. ( (HK:0809) ) has issued an update.
Global Bio-chem Technology Group Co. Ltd. has announced the completion of a Debt-to-Equity-Swap Agreement, resulting in Suppliers PRC LLPs holding a 28.98% equity interest in Century Dacheng. The company is progressing with its Suppliers Debt Restructuring Arrangement, expected to conclude by the end of 2025, pending necessary approvals. Concurrently, the company has reached settlement agreements with 33 remaining suppliers involving a significant debt discount, resulting in a projected net gain of no less than HK$17.0 million. These strategic financial maneuvers are aimed at stabilizing the company’s financial position and enhancing its operational capabilities.
More about Global Bio-chem Technology Group Co. Ltd.
Global Bio-chem Technology Group Co. Ltd. is a company incorporated in the Cayman Islands, operating in the biotechnology industry. The company focuses on developing and providing biochemical products and solutions, with a market emphasis on leveraging technology for sustainable and innovative biochemical advancements.
Average Trading Volume: 4,170,266
Technical Sentiment Signal: Buy
Current Market Cap: HK$810.6M
For an in-depth examination of 0809 stock, go to TipRanks’ Overview page.