Dentons biochemical gorgeous transformation into Jilin Province listed enterprises in Hong Kong

Dentons Biochemical Technology Group (00809) held a special general meeting of shareholders yesterday to transfer the group's controlling interests to key state-owned enterprises held by the Jilin provincial government by issuing shares and convertible bonds at a total cost of RMB 1.5 billionKUtUnder the agreement, Jilin Province's Modern Agricultural Industry Investment Fund (Gili Agricultural Fund) will subscribe for 3,136 million shares of the Group at a cost of about HK$721 million (HK$0.23 per share), equivalent to 49% of the shares after the expansion, at which time all executive directors of the Group will resign and the subscribers will nominate six new directors to join the boardKUtIn addition, the Jilin Agricultural Fund has a condition for agreeing to subscribe for the Group's convertible bondsThe cost of the convertible bonds is equal to the amount of Hong Kong dollar cash remaining after the total cost of the subscriptionAfter converting into group shares, Jilin Agricultural Fund will hold approximately 70.66 per cent of the group's enlarged sharesThe initial conversion price was also $0.23 per shareKUtJilin Agricultural Fund is indirectly held by Jilin Provincial Transportation Investment Group (TSE) and Jilin Railway Investment and Development (Ji Railway), respectively, with an indirect holding interest of 91.11% and 8.89% respectivelyIt is one of the key state-owned enterprises in Jilin Province, China, and is mainly engaged in the investment and development of transportation infrastructure projects, agricultural, cultural and logistics projectsTotal assets at the end of last year were about 28 billion yuanJi Tie is wholly owned by the Jilin State-owned Assets Supervision and Administration CommissionKUt"We will reactivate Dentons' business and operations to expand its presence as one of the leading agro-processing industries in Jilin Province and to enter the agricultural sector," said the representative at the special shareholders' meetingSubscriptions will also facilitate synergies between us and allow Dentons to further expand its biochemical businessKUtFeed Baba Vitamin Certification Supplier Recommended:KUtHenan: Zhengzhou Kaian Ke Trade Co., LtdKUtBeijing area: Beijing Boai Nong Technology Development Co., LtdKUtKUtBeijing Hongtai Hua Feed Co., LtdKUtSichuan Region: Chengdu Green Branch Trading Co., LtdKUtDentons Biochemical Technology Group (00809) held a special general meeting of shareholders yesterday, through the issuance of a total cost of 1.5 billion yuan of shares and convertible bonds, the group's controlling interests, the Jilin provincial government held a key state-owned enterprisesKUtUnder the agreement, Jilin Province's Modern Agricultural Industry Investment Fund (Gili Agricultural Fund) will subscribe for 3,136 million shares of the Group at a cost of about HK$721 million (HK$0.23 per share), equivalent to 49% of the shares after the expansion, at which time all executive directors of the Group will resign and the subscribers will nominate six new directors to join the boardKUtIn addition, the Jilin Agricultural Fund has a condition for agreeing to subscribe for the Group's convertible bonds The cost of the convertible bonds is equal to the amount of Hong Kong dollar cash remaining after the total cost of the subscription After converting into group shares, Jilin Agricultural Fund will hold approximately 70.66 per cent of the group's enlarged shares The initial conversion price was also $0.23 per share KUt 　　Jilin Agricultural Fund is indirectly held by Jilin Provincial Transportation Investment Group (TSE) and Jilin Railway Investment and Development (Ji Railway), respectively, with an indirect holding interest of 91.11% and 8.89% respectively It is one of the key state-owned enterprises in Jilin Province, China, and is mainly engaged in the investment and development of transportation infrastructure projects, agricultural, cultural and logistics projects Total assets at the end of last year were about 28 billion yuan Ji Tie is wholly owned by the Jilin State-owned Assets Supervision and Administration Commission KUt 　　"We will reactivate Dentons' business and operations to expand its presence as one of the leading agro-processing industries in Jilin Province and to enter the agricultural sector," said the representative at the special shareholders' meeting Subscriptions will also facilitate synergies between us and allow Dentons to further expand its biochemical business KUt Feed Baba Vitamin Certification Supplier Recommended: KUt Henan Region: Zhengzhou Kaian Ke Trade Co., Ltd KUt Beijing area: Beijing Boai Nong Technology Development Co., Ltd KUt KUt Beijing Hongtai Hua Feed Co., Ltd KUt Sichuan region: Chengdu Green Science trade co.
, Ltd