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Shanxi Meijin Energy provides guarantee for subsidiary

May 26, 2025 at 12:11 PM UTCBy FilingReader AI

Shanxi Meijin Energy (SZSE:000723) has issued an announcement regarding progress in providing a guarantee for its subsidiary, Tangshan Meijin (Tangshan) Coal Chemical Co., Ltd. The guarantee supports a CNY 5,800.00 loan from Luanzhou Rural Commercial Bank, with a term of one year. As of March 31, 2025, Tangshan Meijin's asset-liability ratio exceeded 70%. Following shareholder approval from earlier in the year for total guarantees not exceeding CNY 4.6 billion, this new guarantee increases Meijin Energy's total guarantees for subsidiaries and affiliated companies to CNY 783,551.12, representing 54.22% of the company’s latest audited net assets attributable to owners of the parent. As of 2025-05-22, the company has no overdue guarantees.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

SZSE:000723Shenzhen Stock Exchange
Coal

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