Global Bio-chem Technology Group Co. Ltd. (HK:0809) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Global Bio-chem Technology Group Company Limited has announced the termination of a major energy management contract due to a required downsize to meet local coal consumption standards in the PRC. This decision, reached after negotiations with the Local Government and a reassessment of the project, includes waiving all parties’ obligations and claims related to the contract. The company is working on a revised proposal to align with the new requirements and will update shareholders on the progress and funding arrangements.
For further insights into HK:0809 stock, check out TipRanks’ Stock Analysis page.
