Eurocrane (China) Co., Ltd.SSE: 603966

(603966)"Eurocrane (China) Co., Ltd."Announcement on Progress in Providing Guarantee for Wholly-owned Subsidiary

· Issued by Eurocrane (China) Co., Ltd. via Shanghai Stock Exchange

Filed with SSE · Stock code 603966 · · 4 pages · Chinese

Summary by 6ix AI

Eurocrane (China) Co., Ltd. has announced progress regarding guarantees provided for its wholly-owned subsidiary, Hangzhou Guodian Dali Electromechanical Engineering Co., Ltd. The company has signed a guarantee contract with a bank, providing a significant amount of joint liability guarantee for the subsidiary's credit business. The board of directors has confirmed that this guarantee is necessary for the subsidiary's operations and does not pose risks to the company's ongoing viability. As of the announcement date, the total amount of guarantees provided by the company and its subsidiaries is substantial, with no overdue guarantees reported.

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

On 6ix: 6ix.com/news/603966eurocrane-china-co-ltdannouncement-on-progress-in-providing-guarantee-for-wholly-owned-subsidiary

Release

Announcement on Progress in Providing Guarantee for Wholly-owned Subsidiary

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

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Eurocrane (China) Co., Ltd. on 6ix

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