Huayou Cobalt announces increased guarantee amounts for subsidiaries
Zhejiang Huayou Cobalt (SSE:603799) announced an increase in its external guarantee amounts for March 2025, totaling CNY268,356.40 million. As of March 31, 2025, the company's total outstanding guarantees reached CNY10,053,090.02 million, primarily for its controlled subsidiaries. Significantly, the company's total guarantee amount surpasses 100% of its latest audited net assets, with CNY163,356.40 million provided to subsidiaries with debt-to-asset ratios exceeding 70%. The guarantees are primarily to support the operational needs of the company and its subsidiaries. The company’s board has deemed the guarantees necessary and reasonable, with no apparent disadvantage 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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