Jiangsu Sunshine (600220): Provide No More Than 100 Million Yuan Guarantee For Controlling Shareholders.
Jiangsu sunshine (600220.SH) announced that in July 24, 2019, the company signed the "maximum guarantee contract" with the Jiangyin branch of Zhejiang Merchants Bank. It provides the maximum guarantee for the company's controlling shareholder sunshine group to apply for comprehensive credit to Zhejiang Commercial Bank, with a balance of no more than 100 million yuan, and the period is from July 24, 2019 to May 9, 2020.
As of the announcement date, the accumulated balance of external guarantee for the company and its controlling subsidiaries amounted to 400 million yuan, accounting for 18.25% of the audited net assets of the company as at 31 December 2018, and there was no overdue guarantee.
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