Chengtun Mining provides 750m yuan guarantees for subsidiaries

Chengtun Mining Group has provided guarantees totaling 750 million yuan for three subsidiaries' credit facilities and debt obligations.

The guarantees cover credit lines of 250 million yuan and 200 million yuan for two subsidiaries from Xiamen International Bank and Quanzhou Bank respectively, plus a 300 million yuan debt guarantee for another subsidiary with Export-Import Bank of China.

Total external guarantees now reach 779.66 million yuan, representing over half of the company's net assets at 50.39%.