Hainan Rubber guarantees $29.2m loan for subsidiary Halcyon Agri

Hainan Rubber Industry Group Co., Ltd. (Hainan Rubber) has provided a new guarantee of up to $29,214,900 for its controlling subsidiary, Halcyon Agri Corporation Limited. This guarantee, a joint liability, is for a $39,000,000 loan from the Shanghai branch of The Bank of East Asia (China) Limited, intended to support Halcyon Agri's working capital needs and bank loan repayments. Including this latest guarantee, Hainan Rubber's total outstanding guarantees for Halcyon Agri now amount to RMB 1,769,757,400.

The guarantee amount aligns with the company’s previously approved 2025 annual guarantee quota for its subsidiaries. Halcyon Agri reported an asset-liability ratio of 75.6% as of December 31, 2024, and 76% as of September 30, 2025, with a net loss of $3,090,900 for 2024 and $5,595,200 for the first nine months of 2025.

As of the announcement date, Hainan Rubber's total external guarantees, including those for its controlling subsidiaries, stand at RMB 4,738,440,000, representing 48.12% of the company's latest audited net assets attributable to the parent company. Guarantees for controlling subsidiaries specifically amount to RMB 1,837,257,400, or 18.66% of net assets attributable to the parent company, with no overdue guarantees.