Zhongtai Chemical predicts 2025 credit, guarantee, and asset impairments

Xinjiang Zhongtai Chemical (SZSE:002092) anticipates significant financial activity in 2025, as resolved at its 23rd session of the 8th Board of Directors. The company plans to apply for comprehensive credit facilities for itself and its subsidiaries, while also providing guarantees to its subsidiaries in proportion to shareholding. This includes entities like Xinjiang Meike Chemical and Korla Zhongtai Petrochemical. Additionally, the board approved extending financial assistance to Xinjiang Zhongtai (Group) and its subsidiaries.