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Asia Bio-Chem Group Corp
B1908, 19 Youhao Street, Shenhe District
Phone: +86 4166037500p:+86 4166037500 SHENYANG, LIA  110013  China Fax: (416) 603-8015f:416 603-8015
On 3/11/2016, Asia Bio-Chem Group Corp. announced that due to the continued high cost of corn in China and the economic downturn experienced over the past three years the Company is insolvent.
On 10/7/2016, the common shares of Asia Bio-Chem Group Corp were delisted.
This company is no longer actively traded on any major stock exchange.
Business Summary
Asia Bio-Chem Group Corp. is a China-based producer of cornstarch in China. The Company’s product, Cornstarch, is used in the production food products, including monosodium glutamate (MSG), fructose, maltose, glucose, dextrin, citric acid and lysine. Cornstarch is also used to produce sugar alcohols, such as sorbitol and mannitol, and is used to produce a variety of modified starch products for the pharmaceutical and fine chemical industries. The cornstarch manufacturing process produces three by-products namely corn germ, gluten and fibre. Corn germ is used by the Company’s customers to produce corn oil used in the manufacturing of products including margarine. The gluten and fibre products manufactured by the Company are used by livestock farmers as animal feed. The Company operates through its subsidiary, Tieling Wanshunda Starch Company Ltd. (Tieling), which has the capacity to process approximately 600,000 tons of corn per year.
(Source: ARS)

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-----

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
9/30/201512/31/2014Yes----

Industries
SIC Code Description
2046 Wet corn milling

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Chairman of the Board, President, Chief Executive Officer ZhipingWang 6/26/2008 6/26/2008
Chief Financial Officer, Corporate Secretary, Director LanfengZhao 7/31/2015 10/1/2007
Independent Director TingguoLiu 7/31/2015 7/31/2015
Independent Director GuizhiSun 56 7/31/2015 7/31/2015

Business Names
Business Name
ABC
Asia Bio-Chem Group Corp.
Daqing Biochemical Company Ltd.
Parran Capital Inc.
Tieling Wanshunda Starch Company Ltd.

General Information
Number of Employees: 868 (As of 12/31/2013)
Outstanding Shares: 85,306,258 (As of 9/30/2015)
Stock Exchange: CNQ
Fax Number: (416) 603-8015


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Saturday, July 22, 2023