BRIEF-Global Bio-Chem Technology Group Updates On Capital Increase Agreement

Reuters
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Jan 3 (Reuters) - Global Bio-chem Technology Group Co Ltd :

* DACHENG BIO-TECH, CHANGCHUN DAHE, FORTUNIX INVESTMENTS & XINGTONG FOODSTUFF ENTERED INTO CAPITAL INCREASE AGREEMENT

* DACHENG BIO-TECH TO CONTRIBUTE HK$8 MILLION AND XINGTONG FOODSTUFF TO CONTRIBUTE HK$26.9 MILLION

* GROUP'S EQUITY INTEREST IN CHANGCHUN WANXIANG CORN OIL WILL BE DILUTED FROM 79.4% TO 43.5% AFTER CAPITAL CONTRIBUTIONS

* EXPECTED GAIN FROM DISPOSAL WILL BE AMOUNTED TO ABOUT HK$36 MILLION Source text for Eikon: Further company coverage:

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