Xuerong Biotech subsidiaries guarantee company's CNY 25m loan
Shanghai Xuerong Biotechnology (SZSE:300511) announced that its subsidiaries, Chengdu Xuerong Gaorong Biotechnology, Dafang Xuerong Biotechnology, and Weining Xuerong Biotechnology will provide guarantees for the company's CNY 25 million working capital loan from the Agricultural Development Bank of China, Shanghai Fengxian Branch. Chengdu Xuerong will provide a mortgage guarantee, while Dafang Xuerong and Weining Xuerong will provide joint liability guarantees. As of the announcement date, the company's total approved external guarantee amount reached CNY 354,545.1 thousand, and the actual guarantee balance was CNY 115,173.85 thousand, accounting for 25.03% and 80.41% of the company's audited total assets and net assets in 2023, respectively.
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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