Guanghui Logistics guarantees 5bn yuan for subsidiary loans

Guanghui Logistics is providing guarantees totaling 5 billion yuan for two wholly-owned subsidiaries - 4 billion yuan for Guazhou Huilong Logistics and 1 billion yuan for Guazhou Huijing Logistics.

The guarantees bring total guarantee balances to 10 billion yuan for Guazhou Huilong and 2.3 billion yuan for Guazhou Huijing. The company's total external guarantees now amount to 303.9 billion yuan, representing 43.57% of its latest audited net assets.