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Shenda Shares (600626): Provide No More Than USD 40 Million Guarantee For Auira Company
Shenda Shares (600626. SH) announced that on September 24, 2019, the company's holding subsidiary Auria Solutions Ltd. ("Auria Company") signed a loan agreement with CMB New York Branch in the amount of $50 million. On the same day, the company applied to CMB Shanghai Branch to issue a guarantee letter of credit in the amount of 40 million US dollars, and provided no more than 40 million US dollars of guarantee for the above borrowings of Auria in the form of domestic guarantee and external loan. Up to now, the actual guarantee balance of the company for Auira is about 260 million dollars.
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