Guanghui Logistics Secures 500 Million Yuan in Trust Financing

MT Newswires Live
Nov 13

Guanghui Logistics (SHA:600603) secured 500 million yuan in trust financing from China Jingu International Trust, according to a Thursday filing with the Shanghai bourse.

The company's controlling shareholder, Xinjiang Guanghui Group, is providing a pledge of its shares in Guanghui Logistics and a joint liability guarantee. Two subsidiaries, Sichuan Guanghui Shuxin and Xinjiang Huirun Xingjiang Real Estate, are providing mortgage guarantees.

Shares of the logistics and supply chain management company rose 3% in recent trade.

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