Central Asia Corporation provides 11 million guarantees for its subsidiary's 10 million bank acceptance business.
On April 27, 2025, the board of directors and the supervisory board of Hangzhou Zhongya Machinery Co., Ltd. passed a resolution to provide a guarantee of up to 160 million yuan for its wholly-owned subsidiary, Hangzhou Ruidong Machinery Co., Ltd., in the year 2025. On September 11, the company signed a "Guarantee Contract" with the Gongshu Branch of Zhejiang Commercial Bank to provide a joint and several liability guarantee of 11 million yuan for a 10 million yuan bank acceptance bill business of Ruidong Machinery, with a guarantee period of three years. Ruidong Machinery was established in 2012 and mainly engages in intelligent packaging equipment. Its asset-liability ratio was 25.02% as of June 30, 2025. After this guarantee, the total guarantee amount of the company and its controlling subsidiaries is 160 million yuan, with a balance of 11 million yuan, accounting for 0.69% of the latest audited net assets, and there is no overdue guarantee risk.
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