May 4, 2018 / 12:15 PM / in 7 months

BRIEF-Global Bio-Chem Technology Group Says Dacheng Industrial & GP To Become Shareholders Of JV Co

May 4 (Reuters) - Global Bio-chem Technology Group Co Ltd :

* DACHENG INDUSTRIAL & GP TO BECOME SHAREHOLDERS OF JV COMPANY

* DACHENG BIO-TECH TO MAKE CONTRIBUTION OF RMB78 MILLION, DACHENG INDUSTRIAL & GP TO CONTRIBUTE RMB10.1 MILLION AND RMB60 MILLION

* ANNUAL DIVIDENDS TO BE DECLARED SHALL BE WITHIN RANGE OF 10% TO 40% OF DISTRIBUTABLE PROFITS FOR THAT FY

* TO APPLY TO CSRC FOR LISTING OF JV WITHIN 5 YEARS FROM DATE OF COMPLETION OR TIME AGREED BY DACHENG INDUSTRIAL & GP Source text for Eikon: Further company coverage:

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