Longping High-Tech subsidiary guarantees 485m yuan Hong Kong unit loan
Yuan Longping High-Tech Agriculture's subsidiary, Longping Agricultural Development, has provided a 485 million yuan joint liability guarantee for its Hong Kong unit's financing needs.
The guarantee covers a 400 million yuan syndicated working capital loan and 85 million yuan derivative transaction credit line for Amazon Agri Biotech HK Limited.
Total guarantees by Yuan Longping High-Tech Agriculture and its subsidiaries now represent 133.41% of the company's latest audited net assets.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
News Alerts
Get instant email alerts when Yuan Longping High-Tech Agriculture publishes news
Free account required • Unsubscribe anytime