SG Automotive expands subsidiary guarantees to 89 billion yuan

SG Automotive Group has expanded guarantee commitments to wholly-owned subsidiaries, providing new guarantees totaling 1.8 billion yuan to two vehicle and sales units.

The company's total outstanding guarantee balance has reached 89 billion yuan across subsidiaries, with 5.2 billion yuan backing units with asset-liability ratios below 70% and 83.8 billion yuan supporting higher-leveraged subsidiaries above 70%.

The guarantees support financing needs across the group's automotive operations, including vehicle axle manufacturing and automobile sales divisions. The company reports no overdue external guarantees.