Shenda Shares (600626): Provide Guarantees For Two Subsidiaries.
Shen Da shares (600626) announcement, the company in March 19, 2020 and Shanghai Pudong Development Bank Limited Qingpu branch signed two "maximum guarantee contract", respectively, the wholly-owned subsidiary of Shanghai new textile joint interior decoration Co., Ltd., the controlling shareholder Shanghai motor Carpet General Factory Co., Ltd. from March 19, 2020 to March 18, 2023 period, and the Qingpu branch. The maximum credit balance incurred in handling various types of financing business shall not exceed 20 million yuan or 100 million yuan, and all the corresponding credit contracts shall be jointly and severally guaranteed. As of the date of the announcement, the total guarantee for the wholly owned subsidiary is 1 billion 148 million 96 thousand and 200 yuan, the guarantee balance is 568 million 96 thousand and 200 yuan, the total guarantee amount for the controlling shareholder is 4 billion 83 million 84 thousand yuan, and the guarantee balance is 2 billion 388 million 557 thousand and 800 yuan. The total sum of the total guarantee amount and the total guarantee balance account for 158.94% and 89.83% of the audited net assets of the company at the end of 2018.
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