Article: Hong Kong: Global Sweeteners buys Jinzhou Yuangcheng.

Byline: pinto03

Global Sweeteners Holdings has announced an agreement to takeover Jinzhou Yuangcheng Bio-chem Technology Co for HK$520 million(USD 66.6 M).Global Sweeteners will acquire 100% of Jinzhou Yuangcheng from Global Bio-chem Technology Group.The company revealed it will pay HK$156 million(USD 32.8 M) in cash, as well as issuing a HK$364 million(USD 46.6 M) unsecured loan note that is due for repayment after five years.A statement from Global Sweeteners said Jinzhou Yuancheng was situated in Liaoning Province, the PRC and is a PRC sino-foreign equity joint venture enterprise established on 6 August 2001 under the laws of the PRC with a registered capital ...

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