---
title: "New Journey provides guarantees for a total credit of 80 million yuan for two subsidiaries"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258476270.md"
description: "New Journey agreed to provide a total guarantee of 80 million yuan for its wholly-owned subsidiaries Wafangdian Third Hospital and Lankao First Hospital, with a guarantee period of three years. This guarantee is part of the 1.814 billion yuan joint liability guarantee provided by the company for the comprehensive credit of its subsidiaries over the next 12 months. As of June 30, the actual guarantee balance was 702 million yuan, accounting for 35.39% of the audited net assets. The board of directors believes that the guarantee risk is controllable and will not harm the interests of the company and its shareholders"
datetime: "2025-09-23T08:12:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258476270.md)
  - [en](https://longbridge.com/en/news/258476270.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258476270.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/258476270.md) | [繁體中文](https://longbridge.com/zh-HK/news/258476270.md)


# New Journey provides guarantees for a total credit of 80 million yuan for two subsidiaries

On April 28 and May 19, 2025, New Journey approved a total of 1.814 billion yuan in joint liability guarantees for the comprehensive credit of its subsidiaries for the next 12 months through the board of directors and the shareholders' meeting, respectively. Recently, the company signed contracts with the Dalian branch of China Merchants Bank and the Zhengzhou branch of Minsheng Bank to provide joint liability guarantees for the credit applications of its wholly-owned subsidiaries, Wafangdian Third Hospital and Lankao First Hospital, with guarantee amounts of 30 million yuan and 50 million yuan, respectively, and a guarantee period of three years. As of June 30, the actual guarantee balance for the subsidiaries was 702 million yuan, accounting for 35.39% of the most recent audited net assets, with no overdue guarantee situations. The board of directors believes that the risk of this guarantee is controllable and will not harm the interests of the company and its shareholders

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