---
title: "WALRUS provides a guarantee for a subsidiary's credit line of 50 million"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/255734414.md"
description: "WALRUS provides a loan guarantee of 50 million yuan for its wholly-owned subsidiary WALRUS Import and Export, with a total credit limit of 1.2 billion yuan approved. After the guarantee, WALRUS's guarantee balance for WALRUS Import and Export reaches 255 million yuan, with a remaining available guarantee limit of 945 million yuan. The company's board of directors believes that this guarantee can meet the funding needs of the subsidiary, and the subsidiary has a good debt repayment ability, which will not pose significant financial risks. The external guarantee balance accounts for 17.99% of the most recent net assets"
datetime: "2025-09-03T07:51:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/255734414.md)
  - [en](https://longbridge.com/en/news/255734414.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/255734414.md)
---

# WALRUS provides a guarantee for a subsidiary's credit line of 50 million

On September 3, 2025, Zhejiang Walrus New Materials Co., Ltd. signed a guarantee letter with the Jiaxing Branch of China Merchants Bank to provide a guarantee for its wholly-owned subsidiary Walrus Import and Export for loans up to RMB 50 million within the credit limit and the total balance of the credit principal. Previously, the company had been approved for a credit guarantee limit of no more than RMB 1.2 billion for Walrus Import and Export for the year 2025. Walrus Import and Export has a debt-to-asset ratio exceeding 70%. After this guarantee, the company's guarantee balance for it reaches RMB 255 million, with a remaining available guarantee limit of RMB 945 million. The company's board of directors believes that this guarantee can meet the funding needs of the subsidiary's business, the subsidiary has good debt repayment ability, and it will not pose significant financial risks to the company. Currently, the balance of external guarantees provided by the company and its holding subsidiaries accounts for 17.99% of the most recent audited net assets, with no overdue guarantees or other issues

### Related Stocks

- [003011.CN](https://longbridge.com/en/quote/003011.CN.md)

## Related News & Research

- [InPoint Commercial Real Estate Income announces annual shareholder meeting](https://longbridge.com/en/news/290734996.md)
- [Veidekke unit Arcona wins SEK 293 million Stockholm office redevelopment contract from Mengus](https://longbridge.com/en/news/290802878.md)
- [06:07 ETSeaPak Honors America's 250th Through Its Legacy of Seafood Innovation](https://longbridge.com/en/news/290812062.md)
- [Mapfre Re attends EUSPA Brussels event on Copernicus satellite data for flood risk management](https://longbridge.com/en/news/290806066.md)
- [Realstone Swiss Property Publishes 2026 Annual Report](https://longbridge.com/en/news/290602017.md)