CMSK to guarantee CNY 1.8bn for Xiamen subsidiary

China Merchants Shekou Industrial Zone Holdings (CMSK) [SZSE:001979] announced it will provide a guarantee for a CNY 1.8 billion loan obtained by its holding subsidiary, Xiamen Xihaiwan Cruise City Investment Co., Ltd. Xiamen Xihaiwan is seeking a CNY 4 billion line of credit from a consortium of banks, and CMSK will guarantee CNY 1.8 billion of the total based on its 60% equity stake. The guarantee period extends three years beyond the final loan maturity date. As of May 31, 2025, Xiamen Xihaiwan's net assets stood at CNY 171.77 million. CMSK's total outstanding guarantees, including guarantees for customer mortgage loans, amount to CNY 384.35 billion, representing 34.62% of its latest audited net assets attributable to shareholders of the parent company.