- Business
- Global Bio-chem Technology Group Company Limited is an investment holding company principally engaged in the manufacture and sale of corn refined products and corn-based biochemical products in the People's Republic of China, with operations extending to the rest of Asia, the Americas, and internationally. The company operates through four main segments: Upstream Products, which produces corn starch, waxy corn starch, corn gluten meal, corn oil, corn steep liquor, feed pellets, and corn germ cakes; Amino Acids, offering lysine, threonine, tryptophan, protein lysine, and glutamic acid; Corn Sweeteners, including high fructose corn syrup, maltose syrup, high maltose syrup, maltodextrin, sorbitol, glucose, and crystallized glucose; and Polyol Chemicals, providing polyol chemicals, ethylene glycol, propylene glycol, butylene glycols, resins, anti-freeze products, hydrogen, and ammonia. These products serve diverse applications in feed production, food and beverage, cosmetics, textiles, pharmaceuticals, and chemical industries. Founded in 1994 and headquartered in Hung Hom, Kowloon, Hong Kong, the company maintains production facilities in Changchun and Dehui, Jilin Province, Northeast China, and is owned by Changchun Dacheng Industry Group, with Century Dacheng as a key indirect subsidiary. In a major recent development, the company advances its Suppliers Debt Restructuring Arrangement, having completed the debt-to-equity swap phase on June 28, 2025, converting overdue payables of approximately RMB461.1 million into 28.98% equity in Century Dacheng held by Suppliers PRC LLPs; on July 8, 2025, it entered into share purchase agreements to re-acquire this equity interest for RMB301 million after a 34.72% haircut discount, to be settled by issuing 2.75 billion new shares at HK$0.12 each under a specific mandate pending shareholder approval at an extraordinary general meeting, thereby strengthening its financial position and regaining full indirect ownership of Century Dacheng.