CCCC International Holding Ltd.: Provide a joint liability guarantee of 85% for a loan of 2.98 billion yuan for its subsidiary.
China National Machinery International announced that its subsidiary Holding Company, CMEC Green Energy Anjiyan, is responsible for the construction of a waste incineration power plant project in Uzbekistan and plans to apply for a loan of 350 million yuan from China Bank. The company, holding 85% of the shares through its wholly-owned subsidiary in Singapore, will provide joint liability guarantee for the project, with a guaranteed principal amount not exceeding 298 million yuan, with a term of 364 days from the first drawdown date. Due to the guarantor's asset-liability ratio exceeding 70%, this matter needs to be submitted for shareholder approval. As of the announcement date, the total external guarantee balance of the company and its holding subsidiaries is 1.799 billion yuan, accounting for 15.48% of the latest audited net assets, with no overdue guarantee.
Latest
4 m ago

