Hainan Haide secures $360m working capital loan for subsidiary

Hainan Haide Capital Management Co., Ltd. announced it has provided a $360 million guarantee for its wholly-owned subsidiary, Haide Asset Management Co., Ltd., to secure a working capital loan from Hainan Bank Co., Ltd. The guarantee involves both a pledge of the company's 944.254 million shares in Haide Asset Management and a pledge of Haide Asset Management's $800 million in accounts receivable. The company also entered into a joint and several liability guarantee agreement for the loan.

The move follows the company's annual shareholder approval on May 19, 2025, for a total external guarantee limit of up to $8 billion for its consolidated subsidiaries, covering financing-related and operational guarantees. Post-transaction, the company's total outstanding guarantees, including those from its subsidiaries, amount to $3.13649 billion, representing 60% of its latest audited net assets.

Haide Asset Management, established on July 4, 2016, with a registered capital of $4.72127 billion, recorded total assets of $7.824042368.62 billion and net assets of $5.275252232.88 billion as of June 30, 2025 (unaudited). The cumulative pledges and guarantees, including those from subsidiaries, now exceed 30% of the company's total assets, all for its own and its subsidiaries' financing needs.