Changshan Pharmaceutical guarantees 7.7m yuan subsidiary loan

Hebei Changshan Biochemical Pharmaceutical Co provided a joint and several liability guarantee totaling 7.722 million yuan for principal and interest to cover a fixed asset loan for its wholly-owned subsidiary Hebei Changshan Kaipuder Biotechnology Co.

The company's total guarantee amount is 2.06 billion yuan, representing 131.86% of its latest audited net assets, with actual outstanding guarantee balance of 1.34 billion yuan or 86.01% of net assets.