Chen Lin Education Group's Subsidiary JXIAS Secures RMB300 Million Banking Facility Guarantee
Reuters
Sep 22
Chen Lin Education Group's Subsidiary JXIAS Secures RMB300 Million Banking Facility Guarantee
Chen Lin Education Group Holdings Ltd. has voluntarily announced a guarantee for banking facilities to its wholly-owned subsidiary, Jiangxi Institute of Applied Science and Technology (JXIAS). The company has provided a guarantee of up to RMB300,000,000 to China CITIC Bank Corporation Limited, Nanchang Branch, to support JXIAS's obligations under a banking facility agreement. The move aims to enhance JXIAS's cash flow management.
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