---
title: "Shandong LONGDA provided a guarantee for the 9 million financing of its subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/256513267.md"
description: "Shandong LONGDA Food Co., Ltd. provides a financing guarantee of 9 million for its wholly-owned subsidiary Heilongjiang LONGDA Meat Food Co., Ltd. This guarantee is within the 6 billion guarantee limit approved at the 2025 annual general meeting. Heilongjiang LONGDA Meat Food Co., Ltd. has a debt-to-asset ratio of 93.91%. As of the announcement date, LONGDA Food has cumulatively guaranteed 1.27 billion for its subsidiaries, accounting for 85.7% of the parent company's equity at the end of 2024"
datetime: "2025-09-09T08:35:50.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/256513267.md)
  - [en](https://longbridge.com/en/news/256513267.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/256513267.md)
---

# Shandong LONGDA provided a guarantee for the 9 million financing of its subsidiary

Shandong LONGDA Food Co., Ltd. announced the progress of guarantees for its subsidiaries. On May 19, 2025, the shareholders' meeting approved a proposal to provide a guarantee limit of 6 billion for financing subsidiaries within the consolidated financial statements for the year 2025. Recently, the subsidiary Heilongjiang LONGDA Meat Food Co., Ltd. borrowed 9 million from AnDa Rural Commercial Bank, and LONGDA Food provided a joint liability guarantee, which is within the authorized limit. Heilongjiang LONGDA Meat Food Co., Ltd. is 100% owned by LONGDA Food, with a debt-to-asset ratio of 93.91% as of June 30, 2025. As of the announcement date, the company has provided a cumulative guarantee of 1.27 billion for its subsidiaries, accounting for 85.7% of the parent company's equity at the end of 2024, with no overdue external guarantees

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