TianShan Aluminum guarantees subsidiaries' debt up to CNY 2.73bn

TianShan Aluminum Group (SZSE:002532) announced it will provide guarantees for its wholly-owned subsidiaries and their subsidiaries, totaling up to CNY 2.73 billion, representing over 100% of the company's latest audited net assets. The guarantees facilitate financing and operational needs for subsidiaries like Tianshan Aluminum Co., Ltd., Jingxi Tiangui Aluminum, and others. The guarantees are for entities including, but not limited to, China Agricultural Bank of China, Shanghai Pudong Development Bank, and Bank of Beijing. The move underscores TianShan Aluminum's commitment to supporting its subsidiaries' growth, while also highlighting potential risks for investors due to the substantial guarantee amount relative to the company's net assets.