000024SZSE

Announcement on External Guarantees

✨ AI Summary

The board of directors of China Merchants Shekou Industrial Zone Holdings Co., Ltd. approved a guarantee for its subsidiary, Nanjing China Merchants Zhaosheng Real Estate Co., Ltd., to borrow RMB 600 million from Agricultural Bank of China Asset Management. The guarantee amount will not exceed RMB 600 million, with a term of two years. The company's total external guarantees amount to RMB 416.75 million, representing 13.40% of the latest audited net assets.

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Full Translation

AI Translation· azure_openai

Securities Code: 000024
Securities Abbreviation: China Merchants Shekou
Announcement Number: [CMPD] 2015-179

Announcement on External Guarantees by China Merchants Shekou Industrial Zone Holdings Co., Ltd.

The notice for the 15th interim meeting of the 7th board of directors was delivered to all directors, supervisors, and senior management personnel on December 24, 2015, via personal delivery and email. The meeting was held as scheduled on December 25, 2015, through communication voting. There were 10 directors due to attend, and all 10 were present. The convening and holding of the meeting complied with relevant laws, regulations, and the company's articles of association. The meeting approved the proposal to provide a guarantee for Nanjing China Merchants Zhaosheng Real Estate Co., Ltd. with 10 votes in favor, 0 votes against, and 0 abstentions. The details are as follows:

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