Guotai Haitong Securities Guarantees $150 Million Loan for Portuguese Unit

MT Newswires Live

07/16

Guotai Haitong Securities (SHA:601211, HKG:2611) provided an unconditional and irrevocable guarantee of $150 million for a syndicated loan to its Portuguese wholly-owned subsidiary, Haitong Bank.

The guarantee covers principal, interest and other payment obligations, according to a Wednesday filing with the Shanghai bourse.

Shares of the company slid 1% in recent trade on the Shanghai bourse.

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