Announcement on Progress in Providing Guarantee for Wholly-owned Subsidiary
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Announcement on Progress in Providing Guarantee for Wholly-owned Subsidiary
Filed with SSE · · 4 pages · Chinese
Summary by 6ix AI
The company has signed a guarantee contract with a bank, providing a substantial amount to support the subsidiary's financing needs. The board has approved this guarantee, but it still requires shareholder approval to proceed. The board believes that the guarantee will not adversely affect the company or its shareholders, as the subsidiary is fully controlled by the company.
Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries
Release
Shanghai Carthane Co. Ltd. on 6ix
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