Shenda Group (600626): Provide Guarantee For Auria Company.
Shen Da shares (600626) announcement, the company holding subsidiary Auria Solutions Ltd. and Shanghai bank Limited by Share Ltd signed the amount of $50 million "loan agreement". The company signed the loan guarantee contract with the Bank of Shanghai, providing joint and several liability guarantee for Auria company's loan. As of the announcement date, the company's total external guarantee amounted to 0 yuan, the total guarantee for the wholly owned subsidiary was 1 billion 220 million yuan, and the total guarantee amount to the subsidiary company was 5 billion 48 million yuan. The total sum of the total guarantee amount and the guarantee balance account for 187.09% and 93.2% of the net assets of the audited parent respectively at the end of 2019. The above guarantee is not overdue.
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