September 10, 2012
Boston Company Asset Management increases stake in Global Bio-chem
Boston Company Asset Management LLC, the major shareholder of Global Bio-chem Technology Group Company Limited increases its stake on Global Bio-chem.
Latest data from the Hong Kong Exchange reveal that on September 3, Boston Company acquired 3.028 million shares at a cost of HKD2.3467 million, at an average transaction price of HKD0.775, which is also the highest closing price.
After the increase in stake, Boston Company holds 1.64334219 million shares of Global Bio-chem, accounting for 5.04% stake.
Founded in 1994, Global Bio-chem is a pioneer of corn refined and corn-based products in Asia. With vertical integration of production, it produces upstream products such as corn starch, corn fibre, gluten meal and corn oil; as well as its high-value-added downstream products like amino acid, corn sweeteners, modified starch and polyol chemicals. Application of its products includes feed production and it is one of the world's largest lysine series products manufacturers. Its products include 98% Lysine and 65% Protein Lysine.