Meijin Energy provides guarantees for subsidiaries amid risk warning
Shanxi Meijin Energy (SZSE:000723) has recently entered into guarantee agreements to support its holding subsidiaries. The company signed a maximum guarantee contract with China CITIC Bank Taiyuan Branch for a maximum principal debt limit of 100 million yuan for its subsidiary, Shanxi Runjin Chemical Co., Ltd. Additionally, the company is providing guarantees to China Merchants Bank Taiyuan Branch for subsidiaries Shanxi Meijin Huasheng Chemical New Materials Co., Ltd. (300 million yuan) and Shanxi Meijin Coal Chemical Co., Ltd. (100 million yuan). As of September 30, 2024, Runjin Chemical's asset-liability ratio stood at 82.35%. Following these guarantees, the company's remaining guarantee quota is 387.14 million yuan and 420 million yuan.
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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