QiaoYin adjusts the guarantee limit to provide guarantees for its subsidiary Zhaoqing QiaoYin's financing

Zhitong
2025.10.16 07:51

QiaoYin City Management Co., Ltd. announced the adjustment of guarantee limits and guarantee progress. In 2025, the company plans to provide a guarantee limit of CNY 1.07 billion for its subsidiary. To meet the business needs of the subsidiary, it will transfer the unused guarantee limit of CNY 5 million from its wholly-owned subsidiary, Duyun Qiaoying, to Zhaoqing QiaoYin. Zhaoqing QiaoYin intends to apply for a credit limit of no more than CNY 5 million from Shanghai Pudong Development Bank, with a term of no more than 12 months, and QiaoYin Co., Ltd. will provide joint liability guarantees for it. After this guarantee, the company's guarantee balance for its subsidiaries will be CNY 136.812 million, with a remaining balance of CNY 933.188 million. As of the announcement date, the total external guarantee balance of the company and its holding subsidiaries is CNY 1.899541 billion, with no overdue guarantees or other situations

Source: Zhitong The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.