Black Peony (Group) Co., Ltd.SSE: 600510

(600510)"Black Peony (Group) Co., Ltd."Announcement on Progress in Providing Guarantee for Subsidiary

· Issued by Black Peony (Group) Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 600510 · · 5 pages · Chinese

Summary by 6ix AI

Black Peony (Group) Co., Ltd. has announced progress regarding guarantees provided for its subsidiary, Black Peony Textile Co., Ltd. The company has signed a guarantee contract with Huaxia Bank for a loan application by its subsidiary, amounting to a specified limit. The board of directors has approved this guarantee within previously established limits, ensuring it aligns with the company's interests. As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to a significant figure, with no overdue guarantees reported.

Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries

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