FilingReader Intelligence

China Molybdenum plans external guarantees up to CNY 2.1bn

April 15, 2025 at 05:30 PM UTCBy FilingReader AI

China Molybdenum Co., Ltd. announced plans to provide guarantees totaling up to CNY 2.1 billion for its wholly-owned subsidiaries. Approved at the 2023 annual shareholders meeting, the guarantees aim to support the subsidiaries' operations. These guarantees do not involve any counter-guarantees. As of the disclosure date, the company has no overdue guarantees. Some of the subsidiaries benefiting from this guarantee plan have asset-liability ratios exceeding 70%. The company's total external guarantees account for 26.95% of its latest audited net assets. China Molybdenum has specified individual guarantee amounts for certain subsidiaries, including CNY 1.4 billion for Luoyang Luan Chuan Molybdenum Group Sales Co., Ltd. and CNY 150 million for Luoyang Luan Chuan Molybdenum Group Tungsten Co., Ltd., each with a term of half a year. The announcement was made on April 15, 2025.

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

SSE:603993Shanghai Stock Exchange
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