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Jingxing Paper provides guarantees for Hongxin Thermal Power

March 17, 2025 at 12:09 PM UTCBy FilingReader AI

Zhejiang Jingxing Paper Joint Stock Co. (SZSE:002067) has provided further guarantees for Pinghu Hongxin Thermal Power Co., Ltd. Under existing mutual guarantee agreements, Jingxing Paper guarantees a RMB 1 million loan from China Minsheng Bank and RMB 1 million to cover payment obligations under a Minsheng Bank factoring agreement. Jingxing Paper also provided a guarantee for a RMB 1 million loan from Bank of Communications. These guarantees fall under previously approved frameworks. Following these actions, the company's total external guarantee balance has reached RMB 107,517.43, million, with guarantees for entities outside consolidated statements at RMB 27,900.00 million, representing 19.27% and 5.00% of the company's latest audited net assets, respectively. There are no overdue debts related to these guarantees.

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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