Visual China provides 50m yuan guarantee for subsidiary

Visual China Group provided a 50 million yuan guarantee for wholly-owned subsidiary Beijing Huaxia Visual Technology Group to secure financing from Hangzhou Bank.

The guarantee falls within a previously approved 100 million yuan limit for the subsidiary, part of a larger 413.315 million yuan total authorized guarantee amount.

Visual China's total subsidiary guarantees now amount to 163.315 million yuan, representing 4.57% of the company's latest audited net assets.