KEC provides a guarantee of 100 million yuan for its holding subsidiary

Zhitong
2025.09.29 07:54

On September 28, 2025, Kailuan Energy and Chemical Co., Ltd. signed a "Guarantee Contract" with the Tangshan Branch of China CITIC Bank, providing a guarantee of 100 million yuan for the letter of credit business application under the "Domestic Letter of Credit Financing Master Agreement" for its holding subsidiary, Tangshan Zhongrun Coal Chemical Co., Ltd. The guarantee period is three years, with a joint liability guarantee method and no counter-guarantee. This guarantee has been reviewed and approved by the company's relevant meetings. As of the announcement date, the total external guarantee amount of the company is 1,712.2873 million yuan, accounting for 11.98% of the most recent audited net assets, with no overdue or irregular guarantees. This guarantee is mainly to meet the daily production and operational needs of Tangshan Zhongrun, and the overall risk is controllable

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