Chembond Chemicals has informed that the Board of Directors of the Company at its meeting held on May 11, 2015, approved and deciding to acquire shares in Chembond Enzyme Company (Associate Company) to make it wholly owned subsidiary;deciding to acquire shares in Chembond Bioengineering Company (subsidiary of Chembond Enzyme Company) to make it wholly owned subsidiary and entering into Joint Venture Agreement with Calvatis GmbH, Ladenburg, Germany.
The above information is a part of company’s filings submitted to BSE.