FilingReader Intelligence
Torch Electron extends 200m yuan guarantees for subsidiary
July 21, 2025 at 05:10 PM UTC•By FilingReader AI
Fujian Torch Electron Technology announced 200 million yuan in guarantees for subsidiary Suzhou Leidou Electronics, split equally between China Construction Bank and China Minsheng Bank.
The new guarantees replace maturing previous ones, bringing total outstanding guarantees to Suzhou Leidou to 510 million yuan.
Torch Electron's aggregate external guarantees now total 1.6 billion yuan, representing 29.21% of the company's net assets as of December 31, 2024.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
SSE:603678•Shanghai Stock Exchange
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