Viewpoint Network News: On January 19, Shanghai Damingcheng Enterprise Co., Ltd. disclosed the progress of providing guarantees for its subsidiaries.
Viewpoint New Media learned that Shanghai Chong Yi Real Estate Co., Ltd., a wholly-owned subsidiary of Shanghai Damingcheng Enterprise Co., Ltd., is required for production and operation. Applied for a fixed asset loan of RMB850 million from the Shanghai branch of Bank of Dalian Co., Ltd., and in order to ensure the performance of the obligations and responsibilities under the relevant agreements, Damingcheng, as the guarantor, provided joint and several liability guarantee guarantees; Chong Yi Real Estate acted as the mortgagor to provide mortgage guarantees for the land use rights and construction in progress of the project in Fengxian Zhuanghang in Shanghai held under its name; Shanghai Baishengshi Enterprise Management Co., Ltd. and Shanghai Kaichong Industrial Co., Ltd., wholly-owned subsidiaries, as pledgees, respectively, held 51% and 49% of Chong Yi Real Estate respectively. the equity is guaranteed by a pledge.
According to the data, Shanghai Chong Yi Real Estate Co., Ltd. was established on June 30, 2021, the legal representative is Shi Wenxun, the registered capital is 50 million yuan, and the business scope includes real estate development and operation; property management; housing leasing; non-residential real estate leasing; enterprise management consulting; parking lot services; information consulting services (excluding licensed information consulting services); general cargo warehousing services, etc. Shanghai Baishengshi Enterprise Management Co., Ltd. and Shanghai Kaiyu Industrial Co., Ltd., wholly-owned subsidiaries of Damingcheng, hold 51% and 49% of the shares of Shanghai Chong Yi Real Estate Co., Ltd. respectively.
It is understood that as of the announcement date, starting from the new guarantee amount approved by the 2020 annual general meeting of shareholders of Damingcheng, the total amount of new guarantees for subsidiaries at all levels of Damingcheng and its holding subsidiaries is RMB2.777 billion, accounting for 21.15% of the latest audited net assets.
This article originated from the viewpoint real estate network
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