Hengtong Group: Providing a guarantee of 1.5 billion yuan to a subsidiary, with a total guarantee of 4.37 billion yuan.
Hengtong Holdings announced that in order to meet the operational and development funding needs of its wholly-owned subsidiaries, Hengtong Precision Copper Foil Technology Co., Ltd. and Zhejiang Bak Biological Technology Co., Ltd. recently provided a joint guarantee of 100 million yuan and 50 million yuan respectively. The terms for both guarantees are three years from the maturity date of the debt, with no counter-guarantee. As of the disclosure date of the announcement, the total external guarantee balance of the company and its subsidiary companies is 437 million yuan, accounting for 12.79% of the audited net assets for the year 2024, with no overdue guarantees.
Latest

