---
title: "GreatStar plans to provide a USD 6 million trade finance guarantee for its wholly-owned subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/258501114.md"
description: "The board of directors of Hangzhou GreatStar Technology Co., Ltd. approved a proposal to provide a guarantee for its wholly-owned subsidiary Prime-Line Products, LLC to apply for USD 6 million in trade financing from Citigroup, with a guarantee period not exceeding 12 months, subject to the review of the shareholders' meeting. PLP mainly engages in door and window hardware, with a debt-to-asset ratio exceeding 70%. As of the end of August, the total balance of external guarantees provided by the company was RMB 270.3004 million, accounting for 1.65% of net assets. The board believes that the risk of this guarantee is controllable and beneficial for the development of the subsidiary"
datetime: "2025-09-23T10:35:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/258501114.md)
  - [en](https://longbridge.com/en/news/258501114.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/258501114.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/258501114.md) | [繁體中文](https://longbridge.com/zh-HK/news/258501114.md)


# GreatStar plans to provide a USD 6 million trade finance guarantee for its wholly-owned subsidiary

On September 23, 2025, the 18th meeting of the 6th Board of Directors of Hangzhou GreatStar Technology Co., Ltd. reviewed and approved the proposal to provide a guarantee for its wholly-owned subsidiary Prime - Line Products, LLC to apply for a USD 6 million trade finance credit line from Citigroup, with a guarantee period not exceeding 12 months. This proposal is subject to the review of the shareholders' meeting. PLP was established in 1978 and mainly engages in door and window hardware. The most recent financial report shows that its debt-to-asset ratio exceeds 70%. As of the end of August, the total external guarantee balance of the company and its holding subsidiaries is CNY 270.3004 million, accounting for 1.65% of the most recent audited net assets attributable to the shareholders of the listed company, with no overdue guarantees. The Board of Directors believes that the risk of this guarantee is controllable and beneficial for the subsidiary's business development

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