Summary by Moomoo AI
Sinotrans Limited announced that it will provide a guarantee totaling 4.152 billion yuan for 79 subsidiary companies. This guarantee is to meet the daily operating and business development needs of the subsidiary companies, effective until the date when the new guarantee plan is approved at the company's next Shareholder meeting. The guaranteed parties include major subsidiaries such as Sinotrans South China, East China, Central China, North China, Northeast Limited and their subordinate branches. Among them, the guarantees for five non-wholly-owned subsidiaries and their branches are provided by Other shareholders as counter-guarantees. Notably, 48 of the guaranteed units have a liability ratio exceeding 70%. The Board of Directors believes that the guaranteed parties have the ability to repay debts and are...Show More
