Guangzhou Tinci Materials Technology (SHE:002709) provided a 50 million yuan guarantee for its wholly owned subsidiary, Jiujiang Tinci New Power Materials Technology.
The guarantee, signed with ICBC, falls within the company's total guarantee quota of 7.5 billion yuan for 2026, according to a Tuesday filing with the Shenzhen bourse.
Shares of the new energy material manufacturer declined 1% in recent trade.
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