UNQ Unit Provides Loan Guarantee for Shanghai Xuyi; Shares Rise 2%

MT Newswires Live

2025/10/22

UNQ (HKG:2177) said its indirect wholly owned unit, UNQ (Shanghai) Supply Chain Management, has agreed to provide a 47.5 million yuan guarantee to Industrial Bank's Minhang branch for a loan granted to Shanghai Xuyi, according to a Tuesday Hong Kong bourse filing.

Shares of the firm were up over 2% in Wednesday morning trade.

The guarantee covers Shanghai Xuyi's repayment obligations under a new liquidity loan agreement, including principal, interest, penalties, and related costs.

Shanghai Xuyi's controlling shareholder, Li Min, has also provided a personal guarantee for the loan and signed a counter-guarantee agreement with UNQ Supply Chain.

The guarantee will remain in effect until the loan is fully repaid and is secured by a pledged bank deposit of the same amount.

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