Longi Green Energy boosts subsidiary guarantees to 258bn yuan

Longi Green Energy Technology announced new guarantees totaling 20.6bn yuan to wholly-owned subsidiaries, bringing cumulative guarantees to 257.9bn yuan as of July 31.

The guarantee amount represents 42.35% of the company's latest audited net assets. Of the total, 254.3bn yuan were inter-company guarantees within the group, while 3.6bn yuan were external guarantees.