Junzheng Group expands subsidiary guarantees in November
Inner Mongolia Junzheng Energy & Chemical Group (referred to as "the company") provided new guarantees totaling 10m yuan for its wholly-owned subsidiaries in November 2025. This includes 5m yuan for Ordos Junzheng Energy & Chemical Co., Ltd. and 5m yuan for Inner Mongolia Junzheng Chemical Co., Ltd. These guarantees fall within the company's approved 2025 annual guarantee quota of up to 16.7bn yuan.
As of November 30, 2025, the company's actual outstanding guarantees for Ordos Junzheng stood at 1.501bn yuan, while for Inner Mongolia Junzheng Chemical Co., Ltd., it was 3.2908bn yuan. The company's total outstanding external guarantees, including those from its holding subsidiaries, reached 7.618bn yuan, representing 27.97% of its latest audited net assets attributable to the parent company.
The board of directors approved these guarantees to meet the operational capital needs of its subsidiaries, supporting their stable development and aligning with the company's strategic goals. The company maintains control over its subsidiaries' operations and finances, mitigating risks. There are no overdue external guarantees.
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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