Leo Group provides guarantees for subsidiaries' debt
Leo Group (SZSE:002131) will provide guarantees for several wholly-owned subsidiaries, covering debt obligations arising from business operations. The guarantees are part of an approved plan allowing for a total guarantee amount not exceeding CNY 8.523 billion. Specifically, the company signed agreements with Industrial Bank's Taizhou Wenling branch, guaranteeing CNY 400 million for Leo Group Zhejiang Pump and CNY 330 million for Leo Aggregation Advertising. Leo Group will also guarantee a maximum of CNY 2.413 billion for Leo Digital and other advertising subsidiaries related to agreements with Shenzhen Today's Headlines, Chongqing Understand Car, and Wuhan Star Chart New Vision Technology. Additionally, Leo Group issued a guarantee of CNY 100 million for Leo Aggregation related to cooperation with Baidu. Finally, the company renewed a guarantee agreement for Beijing Micro-Innovation Times, with a liability limit of CNY 350 million.
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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