---
title: "Mingyang Electric: Provides a guarantee of 50 million yuan for its wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/242863216.md"
description: "Mingyang Electric announced that the company provided a guarantee for its wholly-owned subsidiary Guangdong Borui Tiancheng Energy Technology Co., Ltd. to apply for a comprehensive credit limit of 50 million yuan from China Minsheng Bank. After the guarantee, Borui Tiancheng's guarantee balance is 150 million yuan, which does not exceed the limit approved by the shareholders' meeting. As of the announcement date, the total amount of guarantees provided by the company for subsidiaries within the consolidated financial statements is 860 million yuan, of which the available guarantee limit for Borui Tiancheng is 460 million yuan"
datetime: "2025-06-03T04:32:34.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/242863216.md)
  - [en](https://longbridge.com/en/news/242863216.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/242863216.md)
generator: "portal-rs"
---

# Mingyang Electric: Provides a guarantee of 50 million yuan for its wholly-owned subsidiary

Mingyang Electric announced that the company undertakes joint guarantee responsibility for its wholly-owned subsidiary Guangdong Borui Tiancheng Energy Technology Co., Ltd. in applying for a comprehensive credit limit from China Minsheng Bank Co., Ltd. Guangzhou Branch, with a guarantee amount of 50 million yuan. Before the guarantee, the company's guarantee balance for Borui Tiancheng was 100 million yuan, and after the guarantee, it is 150 million yuan, which does not exceed the guarantee limit approved by the company's shareholders' meeting. As of the announcement date, the total guarantee amount provided by the company for subsidiaries within the consolidated financial statements is 860 million yuan, of which the available guarantee amount for Borui Tiancheng is 460 million yuan

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**