On May 12, Shanghai Construction Engineering Group Co., Ltd. (Hereinafter referred to as "Shanghai Construction Engineering") issued a progress announcement on the provision of guarantees.
The announcement shows that in April this year, due to the application of various loans, bank acceptance bills, advance payment guarantees, performance guarantees and wage guarantees for migrant workers, Shanghai Construction Industry provided 2.202 billion yuan guarantees for 17 subsidiaries whose asset-liability ratio was higher than 70%, and 0.03 billion yuan guarantees for 2 subsidiaries whose asset-liability ratio was lower than 70%. A total of 2.205 billion yuan of guarantees were provided.
In this regard, Shanghai Construction Engineering said that this guarantee is mainly for the guarantee of holding subsidiaries and their subordinate enterprises, the company has the control of the guaranteed party, and its existing operating conditions are good, so the guarantee risk is controllable. The Company has prudently judged the ability of the guaranteed party to repay the debts, and this guarantee is in line with the needs of the daily operation of the subsidiaries of the Company, is conducive to the normal development of the Company's business, will not affect the interests of the shareholders of the Company, and is necessary and reasonable.
浙公网安备33010802003254号