FilingReader Intelligence

Taiji Industry guarantees subsidiary's credit line

April 18, 2025 at 05:08 AM UTCBy FilingReader AI

Wuxi Taiji Industry (SSE:600667) announced that it has provided a guarantee of CNY 110 million for Taiji Semiconductor (Suzhou) Co., Ltd., its subsidiary, to secure a credit line with the Bank of Nanjing Suzhou Branch. The guarantee is a joint liability guarantee. As of March 31, 2025, the company's outstanding guarantee for Taiji Semiconductor was CNY 247 million. The guarantee falls within the approved guarantee amount of CNY 500 million authorized by the company's shareholders at the 2023 annual general meeting and does not require separate board or shareholder approval. As of the date of disclosure, the total amount of external guarantees provided by the company and its holding subsidiaries is CNY 750 million, accounting for 9.42% of the company's audited net assets attributable to shareholders of the listed company in 2023.

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

SSE:600667Shanghai Stock Exchange
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