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Yuguang Gold & Lead seeks shareholder approval for guarantees

March 21, 2025 at 05:03 AM UTCBy FilingReader AI

Henan Yuguang Gold & Lead Co., Ltd. (SSE: 600531) is seeking shareholder approval at its second extraordinary general meeting of 2025 for providing guarantees to its controlling shareholder, Henan Yuguang Gold & Lead Group Co., Ltd. (Yuguang Group), and its subsidiary, Henan Yuguang Zinc Industry Co., Ltd. The total guarantee amount is RMB 210 million, comprising RMB 60 million for Yuguang Group with China CITIC Bank Zhengzhou Branch and RMB 150 million for Yuguang Zinc Industry with China Everbright Bank Zhengzhou Dongfeng Branch. As of March 14, 2025, the company's total guarantees for Yuguang Group and Yuguang Zinc Industry stood at RMB 1.528 billion, with an outstanding balance of RMB 960.33 million. These guarantees are intended to enhance the overall financing capacity of the group, with Yuguang Group providing counter-guarantees. The board considers the arrangement to be mutually beneficial and reasonable, with no significant risks to the company or its shareholders.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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