Global Bio-chem Technology Group Co. Ltd. (HK:0809) has released an update.
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Global Bio-chem Technology Group Co. Ltd. has decided to proceed with the disposal of Changchun Dacheng Industrial to Changchun Hongxiang for RMB1.0, opting against establishing a proposed trust. This transaction will see Changchun Dacheng Industrial’s financial details removed from Global Bio-chem’s consolidated statements, streamlining operations and reducing costs.
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