Zhonggan Communication Secures RMB250 Million Guarantee for Subsidiary's Banking Facilities

Reuters

Sep 02

Zhonggan Communication Secures RMB250 Million Guarantee for Subsidiary's Banking Facilities

Zhonggan Communication (Group) Holdings Ltd. has announced a significant financial arrangement for its wholly-owned subsidiary, Zhonggan Communication (Group) Co., Ltd. The company has provided a guarantee to Ganzhou Bank Company Limited, Qingshanhu Branch, with a maximum amount of RMB250,000,000. This guarantee is aimed at ensuring the subsidiary's obligations under a newly established facility agreement with the bank. The Board of Zhonggan Communication (Group) Holdings Ltd. believes that this move will offer additional financing resources, enhancing the group's cash flow management and addressing both global and local economic uncertainties. This strategic decision is considered fair and reasonable, aligning with the interests of the company and its shareholders.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhonggan Communication (Group) Holdings Ltd. published the original content used to generate this news brief on September 02, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The company has provided a guarantee to Ganzhou Bank Company Limited, Qingshanhu Branch, with a maximum amount of RMB250,000,000. This guarantee is aimed at ensuring the subsidiary's obligations under a newly established facility agreement with the bank. The Board of Zhonggan Communication (Group) Holdings Ltd. believes that this move will offer additional financing resources, enhancing the group's cash flow management and addressing both global and local economic uncertainties. This strategic decision is considered fair and reasonable, aligning with the interests of the company and its shareholders.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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The company has provided a guarantee to Ganzhou Bank Company Limited, Qingshanhu Branch, with a maximum amount of RMB250,000,000. This guarantee is aimed at ensuring the subsidiary's obligations under a newly established facility agreement with the bank. The Board of Zhonggan Communication  Holdings Ltd. believes that this move will offer additional financing resources, enhancing the group's cash flow management and addressing both global and local economic uncertainties. This strategic decision is considered fair and reasonable, aligning with the interests of the company and its shareholders.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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