What is the final product obtained when chlorine reacts with ethyl alcohol in KOH?

When chlorine reacts with ethyl alcohol (in the presence of KOH), chloroform forms as a final product.

$$\begin{gathered} {\mathrm{Cl}}_2+{\mathrm{CH}}_3{\mathrm{CH}}_2\mathrm{OH}\stackrel{\mathrm{oxidation}}{\to }{\mathrm{CH}}_3\mathrm{CHO}+2\mathrm{HCl} \\ {\mathrm{CCl}}_3\mathrm{CHO}+\mathrm{KOH}\stackrel{\mathrm{hydrolysis}}{\to }{\mathrm{CHCl}}_3+\mathrm{HCOOK} \end{gathered}$$