(603329)"SHANGHAI ACE INVESTMENT & DEVELOPMENT CO., LTD."Announcement on Providing Guarantee for Wholly-owned Subsidiary
Filed with SSE · Stock code 603329 · · 4 pages · Chinese
Summary by 6ix AI
Shanghai Ace Investment & Development Co. Ltd. announced that it will provide a guarantee for its wholly-owned subsidiary, Jiangsu Ace Trade Co., Ltd., to support its funding needs for a bank credit facility. The guarantee amount is set at a maximum limit, and the company has followed the necessary internal decision-making procedures for this approval. The board of directors believes that this guarantee is necessary and reasonable, as it aligns with the subsidiary's operational requirements and does not pose a risk to shareholder interests. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is reported, with no overdue guarantees noted.
Written in English by 6ix AI from the company’s Chinese-language filing. How 6ix writes summaries
Shanghai Ace Investment & Development Co. Ltd. on 6ix
Story so far
Earlier from Shanghai Ace Investment & Development
- Announcement on Attending the 2026 Collective Reception Day for Listed Companies in Shanghai Jurisdiction and Interim Performance Briefing
- Announcement on Resolutions of the 3rd Extraordinary General Meeting in 2026
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Later from Shanghai Ace Investment & Development
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