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Kingsignal provides guarantees for subsidiaries' financing

February 18, 2025 at 12:16 PM UTCBy FilingReader AI

Shenzhen Kingsignal Technology (SZSE:300252) announced it will provide guarantees for financing obtained by its subsidiaries, Changzhou Antennas Technology and Changzhou Kingsignal Fengshi Communication Equipment. The guarantees support the subsidiaries' loan applications to Jiangsu Jiangnan Rural Commercial Bank. Kingsignal will guarantee up to ¥29 million for Changzhou Antennas and ¥19 million for Changzhou Kingsignal Fengshi, totaling ¥48 million, covering the principal and related expenses. The guarantee period extends three years beyond the debt maturity dates. As of the announcement date, Kingsignal's total approved guarantee amount reached ¥2.4 billion, representing 115.64% of its latest audited net assets, with subsidiary guarantees at ¥535.5767 million (25.8%).

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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