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Nanjing Iron & Steel announces further guarantee provisions

May 24, 2025 at 05:01 AM UTCBy FilingReader AI

Nanjing Iron & Steel (SSE:600282) announced the progress of providing guarantees to external parties. The company, along with its subsidiary Anyang Fuxing Heli New Materials, is providing guarantees for Hunan Fuxing Heli New Materials, totaling no more than CNY 10.2 million. Additionally, Nanjing Iron & Steel is guaranteeing PT. KinRui New Energy Technologies Indonesia for no more than CNY 576 million. As of 2025, the company's actual new guarantee amount for Hunan Heli is CNY 0, with an outstanding guarantee balance of CNY 158 million. The new guarantee amount for KinRui New Energy in 2025 is CNY 727.352 million, with an outstanding guarantee balance of CNY 1.649 billion. As of the announcement date, Nanjing Iron & Steel has no overdue guarantees. Given that Hunan Heli and KinRui New Energy have liabilities exceeding 70% of assets, investors are advised to closely monitor risks.

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

SSE:600282Shanghai Stock Exchange
Steel

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