SFX: Provides a joint liability guarantee of 130 million yuan for its wholly-owned subsidiary

Zhitong
2025.10.22 09:01

SFX announced that it recently signed a "Maximum Guarantee Contract" with the Jiangyin Branch of Guangfa Bank to provide joint liability guarantees for its wholly-owned subsidiary Jiangsu Helen Petrochemical Co., Ltd., with a maximum principal amount of 130 million yuan. The original guarantee has been renewed upon expiration, with no counter-guarantee. The company had previously determined that the mutual guarantee limit among its subsidiaries would not exceed 11 billion yuan, and this guarantee is within that limit. As of the announcement date, the total external guarantees provided by the company and its holding subsidiaries amount to 8.633 billion yuan, accounting for 149.60% of the most recent audited net assets, with no overdue guarantees

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