Xinjiang Sayram provides 150m yuan guarantees for subsidiaries
Xinjiang Sayram Modern Agriculture Company Limited is providing 150 million yuan in new working capital loan guarantees for two wholly-owned subsidiaries.
The guarantees bring the company's total actual guarantee balance to 575 million yuan. Total external guarantees by the company and its subsidiaries amount to 3.5 billion yuan, with an outstanding balance of 990 million yuan.
This outstanding balance represents 204% of the company's latest audited net assets. One subsidiary has a debt-to-asset ratio exceeding 70%.
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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