Brief: Global Bio-chem Technology enters into MoU related to acquisition of interests in JV

Global Bio-chem Technology Co

26/05/2016 11:29

May 26 (Reuters) - Global Bio-chem Technology Group Co Ltd  0809.HK : 
 
 * Memorandum of understanding in relation to the proposed indirect acquisition 
of interests in a joint venture  0809.HK  
 * The company and an individual entered into a memorandum of understanding 
 * Expected that the hk company will hold about 49% of the equity interest of 
cornell chemical industry co., ltd 
 * Says total consideration for the proposed acquisition shall be about RMB277 
million 
 * Expected that proposed acquisition will create synergistic effect between the joint venture and the group 
 * Source text for Eikon  urn:newsml:reuters.com:*:nHKS94lJKs 
 
 ((For more news, please click here  0809.HK )) 
 ((Bengaluru Newsroom; +91 80 6749 1130))