China Merchants Shekou repays funds, guarantees loans for subsidiaries

China Merchants Shekou Industrial Zone Holdings has announced the early repayment of 100 million yuan of idle raised funds, temporarily used to supplement working capital. This repayment, made on September 26, 2025, follows a decision by the board and supervisory board on October 30, 2024. This brings the total early repayments to 300 million yuan.

Additionally, the company is providing guarantees for three wholly-owned subsidiaries. It will guarantee up to 50 million yuan for Shenzhen Zhaoyage Property Management Co., Ltd., 280 million yuan and 30 million yuan for Shenzhen Merchants Apartment Development Co., Ltd., and 1 billion yuan for Shenzhen Taohuayuan Property Co., Ltd. These guarantees, for loans from Industrial Bank Co., Ltd. Shenzhen Branch, are within the 31.6 billion yuan total guarantee quota approved.

Following these guarantees, the total outstanding guarantee balance for wholly-owned subsidiaries stands at 24.292 billion yuan, with 9.052 billion yuan allocated to subsidiaries with a debt-to-asset ratio exceeding 70%. The company reiterates that these guarantees are manageable and will not negatively impact its operations.