FilingReader Intelligence
China Vanke subsidiary faces CNY 75% guarantee liability
April 14, 2025 at 05:34 PM UTC•By FilingReader AI
China Vanke announced that its holding subsidiary, Chengdu Nanyang Dijin Properties, received an arbitration ruling from the Beijing Arbitration Commission on April 10, 2025. The dispute stems from a series of guarantee contracts related to a factoring agreement between Shenzhen Shanghe Huizhong Commercial Factoring and Chengdu Weihong Construction. Nanyang Dijin is liable for 75% of the debt, while seven other entities bear full joint liability.
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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