---
title: "China High Speed Transmission Reveals Undisclosed 2016 Loan Guarantee and Listing Rules Breach"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289595337.md"
description: "China High Speed Transmission Equipment Group disclosed that its subsidiary provided an undisclosed RMB400 million loan guarantee in January 2016, breaching Hong Kong Listing Rules. The breach was discovered during the preparation of 2025 financial statements due to a lack of prior board approval and disclosure. The company is implementing remedial measures to address historical governance gaps and ensure future regulatory compliance."
datetime: "2026-06-12T12:07:17.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289595337.md)
  - [en](https://longbridge.com/en/news/289595337.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289595337.md)
generator: "portal-rs"
---

# China High Speed Transmission Reveals Undisclosed 2016 Loan Guarantee and Listing Rules Breach

China High Speed Transmission Equipment Group Co ( (HK:0658) ) has provided an update.

China High Speed Transmission disclosed that its subsidiary Nanjing Xingang had, in January 2016, entrusted Ningbo Bank to extend a RMB400 million, three-year loan to Yijing for an LED sapphire crystal and substrate production line. On the same date, the company entered into an irrevocable joint and several guarantee for Yijing’s repayment obligations under this loan, which carried an annual interest rate of 6.3%. 

The guarantee met the threshold for a discloseable transaction under Hong Kong Listing Rules, triggering reporting and announcement obligations that were not fulfilled at the time. The current board only discovered the arrangement during preparation of the 2025 consolidated financial statements, has found no record of prior board approval or timely disclosure, and is now implementing remedial measures to prevent future non-compliance, highlighting historical governance gaps but a present focus on regulatory rectification.

**More about China High Speed Transmission Equipment Group Co**

China High Speed Transmission Equipment Group Co is a Hong Kong-listed company incorporated in the Cayman Islands, operating in the industrial equipment sector. The group focuses on transmission equipment and related machinery, serving manufacturing and infrastructure-related markets where large-scale capital and financing arrangements are common.

**Average Trading Volume:** 3,054,474

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$3.19B

Find detailed analytics on 0658 stock on TipRanks’ Stock Analysis page.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**