CMSK to guarantee CNY 900m for Xiamen Xihaiwan

China Merchants Shekou Industrial Zone Holdings (CMSK) [SZSE:001979] announced it will provide a guarantee for its holding subsidiary, Xiamen Xihaiwan Cruise City Investment Co., Ltd., related to a CNY 1.5 billion credit line application with China Merchants Group Finance Co., Ltd. Shenzhen Branch. CMSK's guarantee will cover 60% of the loan, up to CNY 900 million, with the guarantee period extending three years beyond the loan's maturity. This guarantee falls within the scope approved at the company’s 2023 Annual General Meeting, and the current outstanding guarantee balance for subsidiaries will be CNY 359.62 million after this transaction. As of April 30, 2025, Xiamen Xihaiwan's net assets stood at CNY 172.53 million.