CBF China Bio-Fertilizer AG
CBF China Bio-Fertilizer AG : Change in the main shareholder – Mr. Dong Tianye becomes Chairman of the Management Board
CBF China Bio-Fertilizer AG / Key word(s): Change of Personnel Hamburg, Germany, March 20, 2013 – The newly constituted Supervisory Board of CBF China Bio-Fertilizer AG (CBF), consisting of its Chairman Mr. Philipp Moffat, his deputy Ms. YU Xiaohong and its member Mr. TIAN Hu accepted the resignation of Mr. Jiang Tiao, Chairman of the Management Board on 18 March 2013. Accordingly, the Management Board consists of the sole Management Board member Mr. Zeng Qun Liu. Mr. Jiang Tao's resignation took place after he had sold his shares in Sino Strong Overseas Limited, which holds with 60,8 % the majority of the shares in CBF AG, to Mr. Dong Tianye (48). For more than 10 years Mr. Dong Tianye, a Chinese businessman, invests successfully in agricultural industrial companies. It is planned to extend the Management Board and to appoint Mr. Dong Tianye as Chairman of the Management Board.
Financial calendar 2013:
About CBF China Bio-‐Fertilizer AG The operating subsidiary of CBF 'Shandong Chengwu Jiuzhou Science and Technology Development Company Limited' was founded in Shandong Province, China, in 2005, with a view to exploiting biotechnological processes for agriculture. After three years of development work, in May 2009 the company launched its first bio fertilizer product based on microorganisms in the Chinese market under the brand name 'Xin Sheng Li'. At present CBF distributes its bio fertilizer in eleven of 26 Chinese provinces. The company intends to expand to further provinces. CBF currently sells its fertilizer directly to major agricultural cooperatives, plantations and wholesalers in China.
End of Corporate News 20.03.2013 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | CBF China Bio-Fertilizer AG | |
Schopenstehl 22 | ||
20095 Hamburg | ||
Germany | ||
E-mail: | hwong@chinabiofertilizer.com | |
Internet: | www.chinabiofertilizer.com | |
ISIN: | DE000A0AFEV5 | |
WKN: | A0AFEV | |
Listed: | Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
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