Global Bio-Chem Technology Group Completes Private Placement and Convertible Bond Conversion, Issuing Over 2.75 Billion New Shares

Reuters
Oct 02
<a href="https://laohu8.com/S/00809">Global Bio-Chem</a> Technology Group Completes Private Placement and Convertible Bond Conversion, Issuing Over 2.75 Billion New Shares

Global Bio-Chem Technology Group Co. Ltd. has announced the completion of a significant equity transaction involving the issuance of 2,752,605,977 new consideration shares under a specific mandate. The move forms part of a broader suppliers' debt restructuring arrangement. The company also confirmed the conversion of its convertible bonds as part of the deal. Following the transaction, key shareholdings are now attributed to entities including ShengLi IX and Modern Agricultural Industry Investment Holdings Limited, with indirect interests held by various investment funds and state-owned enterprises. The transaction aims to improve the company's financial position and broaden its shareholder base.

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