SD Gold (01787) announced that its subsidiary, Yintai Gold Co., Ltd., will provide guarantees for its wholly-owned and controlled subsidiaries within the scope of its consolidated financial statements. The total amount of guarantees is expected to be RMB 3.5 billion. Recently, Yintai Gold provided a guarantee of RMB 52 million for Shanghai Shenghong Rongxin International Trade Co., Ltd. and a guarantee of RMB 65 million for Ningbo Yongsheng Rongxin International Trade Co., Ltd. As of the date of this announcement, the total GUARANTEE balance of Yintai Gold for its subsidiaries is RMB 577 million, accounting for 4.99% of Yintai Gold's most recently audited net assets and 1.74% of SD Gold's most recently audited net assets.
The financial news app reports that SD Gold (01787) announced that its subsidiary, Yintai Gold Co., Ltd., will provide guarantees for its wholly-owned and controlled subsidiaries within the scope of its consolidated financial statements in an amount expected to be RMB 3.5 billion. Recently, Yintai Gold provided a guarantee of RMB 52 million and a guarantee of RMB 65 million for Shanghai Shenghong Rongxin International Trade Co., Ltd. and Ningbo Yongsheng Rongxin International Trade Co., Ltd., respectively. As of the date of this announcement, the total GUARANTEE balance of Yintai Gold for its subsidiaries is RMB 577 million, accounting for 4.99% of Yintai Gold's most recently audited net assets and 1.74% of SD Gold's most recently audited net assets.