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Jilin Sino-Microelectronics (SHSE:600360) Has A Somewhat Strained Balance Sheet
Jilin Huawei to Secure 210 Million Yuan Loan With Equipment Mortgage
Special Treat Huamei (600360.SH): Some machinery and equipment are pledged for loans.
On December 12, Gelonghui reported that ST Jilin Sino-Microelectronics (600360.SH) announced that on December 12, 2024, the sixth meeting of the ninth Board of Directors reviewed and approved the proposal from Jilin Sino-Microelectronics Co., Ltd. regarding the mortgage loan of some machinery and equipment. The Board of Directors believes that this mortgage loan is a follow-up loan after the loan maturity, and agrees that the company will sign a "Machine Equipment Mortgage Contract" with the Jilin Branch of the Export-Import Bank of China for a total of 210,000,000.00 yuan. This asset mortgage meets the interests of the company and the Shareholder, and does not harm the company and the Shareholder, especially the minority Shareholders.
Investors Shouldn't Be Too Comfortable With Jilin Sino-Microelectronics' (SHSE:600360) Earnings
ST HuaWei: Jilin HuaWei Electronics Co., Ltd. 2024 Third Quarter Report
Jilin HuaWei Electronics Co., Ltd. Report for the Third Quarter of 2024