Summary by Moomoo AI
Goldwind Science & Technology (02208.HK) announced on October 15, 2024, that it provided a guarantee to its wholly-owned subsidiary, Goldwind Italy, involving an amount of 23,730,000.00 euros, equivalent to 183,326,115.00 yuan. This is to support the "Wind Turbine Supply and Installation Agreement" signed between Goldwind Italy and the Italian energy company Generai S.r.l. Goldwind Italy was established in September 2023, focusing on the development, construction, operation, and after-sales service of wind power fields. The guarantee agreement is valid until April 9, 2028, or until the performance obligations and duties are fulfilled. Goldwind Science & Technology stated that this external guarantee is within the approved guarantee limit by the shareholders' meeting, and with Goldwind Italy's asset-liability ratio exceeding 70%, the company has advised investors to pay close attention to the guarantee risk.
