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BRIEF-GLG Life Tech qtrly loss per share $0.09

Published 2015-08-12, 07:27 p/m
Updated 2015-08-12, 07:36 p/m
© Reuters.  BRIEF-GLG Life Tech qtrly loss per share $0.09

Aug 12 (Reuters) - GLG Life Tech Corp GLG.TO :
* Announces 2015 second quarter financial results-achieves 100% growth in Q2
sales
* Q2 revenue rose 100 percent to C$8.0 million
* Qtrly loss per share $0.09
* Has been working with two state-owned capital management companies in China
to restructure much of its debt
* As of Q2, GLG had transferred approximately 68% of the company's outstanding
debt with Chinese banks to socmcs
* Says "socmcs also represent a potential source of future capital"
* Company is still in discussions with these socmcs as to final terms -
including interest rate and term of the debt
* Source text for Eikon ID:nMKW2c7yCa
* Further company coverage GLG.TO

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