On November 26, Shenzhen World Union Bank Group Co., Ltd. issued an announcement on providing guarantees for Shenzhen World Union Songta Decoration Technology Co., Ltd. to apply for credit lines from banks.
According to the perspective of real estate new media, Shenzhen Shilian Songta Decoration Technology Co., Ltd., a wholly-owned subsidiary of the World Union Bank, intends to apply to the Zhuhai branch of Xiamen International Bank Co., Ltd. for a comprehensive credit facility of not more than RMB 58 million, in accordance with the relevant requirements of the Zhuhai branch of Xiamen International Bank. The World Union Bank intends to sign a Guarantee Contract with it, in which the World Union Bank, as the guarantor, provides a joint and several liability guarantee guarantee to World Union Songta, and the amount of the guarantee is expected to not exceed (including) RMB58 million (the actual amount of guarantee liability will be subject to the final confirmation of the two parties).
At present, With the service of Hengqin as the core, Shilian Songta has built its own core capabilities in the fields of apartment residences, industrial parks and supporting services to provide decoration services for settled enterprises and individuals; on the other hand, Shilian Songta relies on large transaction business scenarios to explore ToC's decoration business capabilities. The Board of Directors of the World Union Bank believes that the above-mentioned guarantee liability risks are controllable and agrees that the World Union Bank, as the guarantor, shall provide a joint and several liability guarantee guarantee for the application of World Union Songta to the Zhuhai Branch of Xiamen International Bank for a comprehensive credit facility.
The total amount of guarantees provided by World Union bank to WorldLink Songta is RMB58 million, accounting for 1.12% of the world union bank's audited net assets attributable to shareholders of listed companies in 2020.
Together with the amount of RMB58 million, the actual external guarantee balance of the Bank and its holding subsidiaries is RMB358 million (of which 100% of the guarantee is provided by the World Union Bank to its subsidiaries within the scope of the merger or the subsidiaries within the scope of the merger to the World Union Bank), accounting for 6.94% of the world union bank's audited net assets attributable to the shareholders of the listed company in 2020.
This article originated from the viewpoint real estate network
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