Sunway Petrochemical guarantees 200m yuan subsidiary loan

Shandong Sunway Petrochemical Engineering executed a guarantee contract with Qingdao Bank, providing a maximum guarantee of 200 million yuan for its 60%-owned subsidiary Shandong Sanwei Longbang New Material Technology.

The guarantee supports the subsidiary's new 400 million yuan comprehensive credit line, with 200 million yuan allocated for foreign and domestic currency loans and export packing loans. The facility runs from August 2025 to August 2026.

Following this guarantee, Sunway Petrochemical's cumulative maximum guarantee amount for controlling subsidiaries now stands at 2.3 billion yuan, representing 8.44% of its net assets.