Sanxiang Advanced Materials Co., LtdSSE: 603663

(603663)"Sanxiang Advanced Materials Co., Ltd."Announcement on Progress in Providing Guarantee for Controlled Subsidiary

· Issued by Sanxiang Advanced Materials Co., Ltd via Shanghai Stock Exchange

Filed with SSE · Stock code 603663 · · 4 pages · Chinese

Summary by 6ix AI

Sanxiang Advanced Materials Co., Ltd has announced progress in providing a guarantee for its controlled subsidiary, Liaoning Huaxiang New Materials Co., Ltd. The company has signed a guarantee contract with a bank, providing a significant financial guarantee to support the subsidiary's operations. The board of directors has confirmed that this guarantee is within the approved limits and does not require additional shareholder meetings. As of the announcement date, the total amount of guarantees provided by the company is reported, with no overdue guarantees noted.

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

On 6ix: 6ix.com/news/603663sanxiang-advanced-materials-co-ltdannouncement-on-progress-in-providing-guarantee-for-controlled-subsidiary

Release

Announcement on Progress in Providing Guarantee for Controlled Subsidiary

The abstract is for reference only. Please refer to the full text of the announcement on the very day.

Link of Full Text for Reference:

Sanxiang Advanced Materials Co., Ltd on 6ix

Story so far

Earlier from Sanxiang Advanced Materials

All Sanxiang Advanced Materials news releases