Global Bio-Chem Technology Group Completes Private Placement and Convertible Bond Conversion, Issuing Over 2.75 Billion New Shares
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Global Bio-Chem Technology Group Co. Ltd. has completed a significant equity transaction, issuing over 2.75 billion new shares as part of a debt restructuring arrangement. The company also confirmed the conversion of its convertible bonds. Key shareholdings are now attributed to ShengLi IX and Modern Agricultural Industry Investment Holdings Limited, along with interests from various investment funds and state-owned enterprises. This transaction aims to enhance the company's financial position and expand its shareholder base.
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