Shanghai Lingyun Curtain Wall Science: loan guarantees agreed

Shanghai Lingyun Curtain Wall Science & Technology Co Ltd announced that its shareholders have agreed to guarantee a one-year CNY 45 million loan for a subsidiary, Guangdong Huanbohai Real Estate Deve…

Shanghai Lingyun Curtain Wall Science & Technology Co Ltd announced that its shareholders have agreed to guarantee a one-year CNY 45 million loan for a subsidiary, Guangdong Huanbohai Real Estate Development Co Ltd, with the Guangzhou branch of Industrial Bank Co Ltd. Shareholders also agreed to guarantee a one-year CNY 50 million loan for another subsidiary, Tianjin International Amusement Park Co Ltd, with Tianjin North International Trust and Investment Co Ltd. Shareholders agreed to invest an additional CNY 144 million in Tianjin North International Trust and Investment, raising the subsidiary“s registered capital to CNY 609 million.