ZHONGGAN COMM (02545) Provides Guarantee for Subsidiary's Bank Credit Facility

Stock News

03/03

ZHONGGAN COMM (02545) has announced that the company has provided a guarantee with a maximum amount of RMB 250 million to Ganzhou Bank Co., Ltd. Qingshanhu Sub-branch. The guarantee is intended to ensure that the company's wholly-owned subsidiary, ZHONGGAN COMM (Group) Co., Ltd., properly fulfills its obligations under the financing agreement and bank credit terms signed with the bank. The company is required to issue this announcement regarding the guarantee arrangement as requested by the bank.

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Qingshanhu Sub-branch. The guarantee is intended to ensure that the company's wholly-owned subsidiary, ZHONGGAN COMM (Group) Co., Ltd., properly fulfills its obligations under the financing agreement and bank credit terms signed with the bank. 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