Hangcha Group increases subsidiary guarantee to 350m yuan

Hangcha Group has increased its guarantee for its import and export subsidiary from 210 million yuan to 350 million yuan to support operational growth.

The subsidiary's asset-liability ratio exceeds 70%, though the company considers its repayment capacity controllable. Shareholders also approved eliminating the supervisory board and amending company articles.

Hangcha Group's total external guarantees now stand at 59.67 billion yuan across all subsidiaries.