FilingReader Intelligence
Bright Dairy backs 54m yuan guarantee despite associate's losses
August 11, 2025 at 12:04 PM UTC•By FilingReader AI
Bright Dairy & Food Co will hold a shareholder meeting on August 15, 2025, to approve a 53.90 million yuan guarantee for associate Silver Treasure Bright Dairy Ranch.
The guarantee facilitates a 110 million yuan loan for the associate's fixed asset purchases and debt repayment. Bright Dairy holds a 49% stake in the ranch through a subsidiary.
Silver Treasure Bright Dairy Ranch recorded net losses of 501.07 million yuan for January-May 2025 and 679.30 million yuan for 2024.
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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