China Merchants Shekou guarantees CNY 357m loan

China Merchants Shekou Industrial Zone Holdings (SZSE:001979) announced it will provide a guarantee for its subsidiary, Nantong Recriutment and Entrepreneurship, to support project construction. The guarantee covers a portion of a CNY 700 million development loan obtained by Nantong Recriutment and Entrepreneurship from China Merchants Bank, with the loan term set for three years. China Merchants Shekou's guarantee is capped at CNY 357 million, reflecting its 51% ownership stake. The guarantee period extends from the effective date of the guarantee until the loan maturity date, plus an additional three years. As of the announcement date, the company's total external guarantees stand at CNY 39.096 billion.