Invengo unit guarantees $2.98m loan

Invengo Information Technology (SZSE:002161) announced that its wholly-owned Singaporean subsidiary, Invengo Technology Pte. Ltd., will provide a guarantee related to a loan agreement. The guarantee secures a 20 million RMB (approximately $2.78 million USD) working capital loan between Invengo and Jiangsu Bank Shenzhen Branch. Invengo Technology Pte. Ltd. has pledged a $2.98 million USD deposit as collateral for the guarantee. This guarantee falls within the previously approved quota authorized by the board of directors on May 27, 2024, and does not require further shareholder approval. The guarantee covers the principal, interest, fees, and expenses associated with the loan.