Digital China guarantees subsidiaries up to RMB 50m
Digital China Group Co., Ltd. (SZSE: 000034) announced further details regarding its guarantee provisions for subsidiaries, as approved at the 2023 Annual General Meeting. The company recently executed guarantee contracts with Shanghai Bank Beijing Branch for a maximum of RMB 50 million to Shanghai Bank Beijing Branch and Bank of China, Macau, for its subsidiaries, including Digital China (China) and Digital China (Hong Kong). These guarantees support credit facilities and related business operations of these subsidiaries. Additionally, the company signed a guarantee with Jiangsu Bank Shanghai Yangpu Branch for RMB 100 million to its subsidary, Shanghai Digital China. As of the announcement, the total guarantee amount is RMB 6.4058 billion, with the actual outstanding amount at RMB 2.8592 billion, representing 334.13% of the company's latest audited net assets.
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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