Meijin Energy: Increased guarantees for subsidiaries amid expansion

Shanxi Meijin Energy (SZSE:000723) announced plans to increase guarantee amounts for its holding subsidiaries to facilitate operational efficiency and business development. The company anticipates providing guarantees up to RMB 4.6 billion, with RMB 3.4 billion earmarked for subsidiaries with asset-liability ratios of 70% or higher and RMB 1.2 billion for those below 70%. These guarantees, encompassing various forms such as joint liability and mortgage guarantees, are subject to shareholder approval.