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Jiangsu Sunshine (600220): Wholly Owned Subsidiary Provides Guarantee For Controlling Shareholders.
Jiangsu sunshine (600220) announcement revealed that the wholly owned subsidiary of Jiangyin Jindi Wool Textile Co., Ltd. and Ping An Bank Ltd Shanghai branch signed the "maximum mortgage guarantee contract", providing mortgage guarantee for the controlling shareholder Jiangsu Sunshine Group Co., Ltd. to guarantee the loan of Ping An Bank. The above guarantee amount is 300 million yuan RMB. As of the date of this announcement, the balance of the external guarantee of the company and its subsidiaries was 300 million yuan, accounting for 13.69% of the audited net assets of the company as at 31 December 2018. There is no overdue guarantee.
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