Brief: Global Bio-Chem Technology Group Flags Significant Increase In Net Loss For Ten Months To Oct 31

Global Bio-chem Technology

18/12/2018 10:30

Dec 18 (Reuters) - Global Bio-chem Technology Group Co Ltd
 0809.HK :
    * GROUP RECORDED AN SIGNIFICANT INCREASE IN NET LOSS FOR TEN
MONTHS ENDED 31 OCTOBER 2018
    * EXPECTED RESULT DUE TO  RISING COST OF CORN KERNELS BY
21.9%
    * DACHENG BIO-TECH, DACHENG INDUSTRIAL AND GP HAVE MUTUALLY
AGREED
TO TERMINATE CAPITAL INCREASE AGREEMENT
    * TERMINATION DUE TO OBLIGATIONS OF DACHENG INDUSTRIAL AND
GP TO
MAKE CAPITAL CONTRIBUTION NOT FULLY FULFILLED

Source text for Eikon:  ID:nHKS8bCMND 
Further company coverage:  0809.HK 

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