Hangyang Group: Hangyang Special Gas plans to provide a 15 million loan guarantee for its subsidiary Wanda Gas.

date
24/09/2025
On September 24, 2025, Hangyang Group held a board meeting and agreed to guarantee the subsidiary Hangyang Special Gas, a wholly-owned subsidiary of Wanda Gas, for a maximum of 15 million yuan in working capital loans applied to Hangzhou Bank. The guarantee amount accounts for 0.1632% of the company's most recently audited net assets. After approval, the company and its controlling subsidiaries have cumulatively approved external guarantee limits of 2,080.66 million yuan, accounting for 22.63%. Wanda Gas was established in 2004 and is mainly engaged in gas-related businesses. They are not dishonesty subject to execution. The guarantee agreement is pending signing, and the board believes that the guarantee risk for this transaction is controllable, in the company's interest, and will not harm the shareholders' rights and interests.