Anhui Julong forms joint venture, increases subsidiary guarantee

Anhui Julong Transmission Technology has established Wuxi Xinwei Zhisu Technology, a joint venture with Wuxi Lingjingyun Information Technology. The venture has registered capital of RMB 120 million, with Anhui Julong investing RMB 30 million for a 25% stake.

The company increased its maximum guarantee for wholly-owned subsidiary United Creative Technology to $36 million, adding $4 million. Total accumulated guarantees now amount to RMB 7.795 billion.