FilingReader Intelligence
COSL provides $98m guarantee for Middle East subsidiary
July 31, 2025 at 05:10 PM UTC•By FilingReader AI
China Oilfield Services will provide a $98 million guarantee for a revolving loan between its wholly-owned subsidiary COSL Middle East FZE and HSBC Hong Kong, effective July 2025 to July 2026.
The guarantee brings COSL's total external guarantees to RMB 441.44 million, representing 99.4% of its latest audited net assets. COSL Middle East FZE reported total assets of RMB 3.17 billion and net profit of RMB 90.60 million in the first quarter of 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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