Jingce Electronic provides RMB 140m subsidiary guarantees

Wuhan Jingce Electronic Group has signed guarantee contracts totaling RMB 140 million for three subsidiaries' bank credit facilities.

The guarantees include RMB 100 million for Shanghai Jingce Semiconductor Technology through China Everbright Bank, RMB 30 million for Shanghai Jingjiwei Semiconductor Technology via Nanjing Bank, and RMB 10 million for Suzhou Jingcai Semiconductor Technology through Bank of China.

The company's total external guarantees now stand at RMB 716.6 million, representing 20.69% of net assets.