Ganfeng Lithium guarantees 106m yuan subsidiary debt

Jiangxi Ganfeng Lithium Group has provided new guarantees for two controlling subsidiaries totaling 106.47 million yuan.

The company signed guarantee contracts with Agricultural Bank of China for 57.27 million yuan covering Jiangxi Ganfeng Lithium Battery Technology, and with Postal Savings Bank of China for 49.2 million yuan for Shenzhen Yichu Energy Technology's bank acceptance bills.

The guarantees fall within previously approved limits. Total outstanding external guarantees by the company and subsidiaries now amount to 1.83 billion yuan.