tiprankstipranks
Global Bio-chem Announces Major Refurbishment and Financing Deal
Company Announcements

Global Bio-chem Announces Major Refurbishment and Financing Deal

Global Bio-chem Technology Group Co. Ltd. (HK:0809) has released an update.

Don't Miss our Black Friday Offers:

Global Bio-chem Technology Group Co. Ltd has entered into a significant Energy Management Contract through its subsidiary Changchun Dahe, with the Modern Agricultural Fund to modernize its production facilities. Additionally, financial negotiations are underway with the state-backed Modern Agricultural Fund for a potential loan up to RMB 200 million, which may include guarantees from related parties. Shareholder approvals are being sought for these major transactions, which are connected transactions under the Listing Rules, necessitating an Extraordinary General Meeting (EGM) for final consent.

For further insights into HK:0809 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks HongKong Auto-Generated NewsdeskGlobal Bio-chem Launches Strategic Share Buyback
TipRanks HongKong Auto-Generated NewsdeskGlobal Bio-chem Approves Key Resolutions at Meeting
TipRanks HongKong Auto-Generated NewsdeskGlobal Bio-chem Calls for Key Shareholder Meeting
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App