Central Asia Corporation provides 11 million guarantees for its subsidiary's 10 million bank acceptance business.

date
11/09/2025
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.