Songdu shares:Songdu Group will provide guarantee for Hangzhou Songdu’s 82.5 million yuan loan
According to the announcement, Hangzhou Songdu Investment Management Co., Ltd., a wholly-owned subsidiary, signed a”Loan Contract” with its subsidiary Hangzhou Xinchen Real Estate Co., Ltd., a shareholding subsidiary, with a loan amount of 82.5 million yuan due to funding arrangements.
Recently, Hangzhou Songdu Real Estate Group Co., Ltd., a wholly-owned subsidiary of the company, provided a credit guarantee guarantee for Songdu Investment. The principal amount of the guaranteed principal debt was 82.5 million yuan.
As of the date of this announcement, the total external guarantees of the company and its holding subsidiaries were 12.889 billion yuan, accounting for 277.24%of the company’s most recent audited net assets. The company has no overdue external guarantees.