Triumph New Energy Plans Up to RMB1.83 Billion in 2026 Guarantees for Subsidiaries
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Triumph New Energy Company (HK:1108) plans to provide guarantees of up to RMB1.83 billion in 2026 for its subsidiaries' credit applications and operational needs. A cap of RMB1.05 billion is set for subsidiaries with gearing ratios over 70%. The guarantees aim to standardize operations, manage risk, and support financing for key subsidiaries, indicating ongoing balance sheet support for the group's expansion. The latest analyst rating for HK:1108 is a Hold with a price target of HK$4.00.
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