China Industrial Securities International Financial Group Ltd. has announced a significant development involving its subsidiary, China Industrial Securities International Brokerage Limited (CISI Brokerage). The company has entered into a guarantee agreement with Dah Sing Bank, Limited to secure all obligations of CISI Brokerage related to an uncommitted facility letter. The guarantee amount is set to not exceed HK$250,000,000. This move highlights the group's ongoing efforts to support its wholly-owned subsidiaries and strengthen its financial services capabilities.
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