Global Bio-chem Technology Group Co. Ltd. (HK:0809) has released an update.
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Global Bio-chem Technology Group is negotiating a trust arrangement with Jilin Trust Limited to manage risk and potentially restructure by selling or liquidating eight subsidiaries with significant net liabilities. The company anticipates a gain of at least HK$1,000 million from this restructuring effort, which aims to alleviate financial burdens and streamline operations.
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