Yasheng Group provides 72.6bn yuan guarantees for subsidiaries

Gansu Yasheng Industrial Group has provided guarantees totaling 72.6 billion yuan for its wholly-owned subsidiaries, representing 16.94% of the company's latest audited net assets.

Key guarantees include 1.4 billion yuan for its pastoral grass industry unit, 3 billion yuan for its seed industry group, 4.5 billion yuan for its chili industry development company, 3 billion yuan for its potato industry group, and 800 million yuan for its beer raw material group.

The guarantees facilitate financing for the subsidiaries' production and business expansion.