TEDASTOCK provides a guarantee of 179 million for its secondary subsidiary Yangzhou TEDA Environmental Protection

Zhitong
2025.09.10 08:44

In 2025, Tianjin TEDA Resource Recycling Group Co., Ltd. announced that to meet operational development needs, its secondary subsidiary Yangzhou TEDA Environmental Protection applied for financing of 178.8551 million yuan from China Railway Construction Jin Leasing, with a term of 72 months, and the company provides joint liability guarantees. After deliberation at the seventh extraordinary general meeting of shareholders in 2024, the company set the guarantee limit for Yangzhou TEDA Environmental Protection at 690 million yuan for 2025, with a remaining balance of 599.0801 million yuan after this guarantee, and an available limit of 90.9199 million yuan. Currently, the company and its holding subsidiaries have a guarantee balance of 11.266 billion yuan, accounting for 196.41% of the most recent audited total net assets. The board of directors believes that the guaranteed party is a subsidiary, the risk is controllable, and it will not harm the company's interests

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