Tianbao Infrastructure provides a guarantee of 1.2 billion yuan for Tianbao real estate

Mondo Social Updated on 2024-02-01

Leju Finance Zhang LinxiaOn January 10, Tianbao Infrastructure (000965SZ) issued a statement on the provision of 1Announcement of 200 million yuan guarantee.

It is reported that in order to meet the daily operating capital needs of the subsidiary, the company's wholly-owned subsidiary, Tianjin Tianbao Real Estate Development, hereinafter referred to as "Tianbao Real Estate"), intends to apply for RMB 1 from Bank of Tianjin Co., Ltd. Tianjin Free Pilot Zone Branch (hereinafter referred to as "Bank of Tianjin Tianjin Free Trade Zone Branch").Fixed asset loan of 200 million yuan, the loan term is 120 months, and the loan interest rate is 55%, the loan is used to repay the loans of shareholders and affiliated enterprises. Tianbao Real Estate uses its unsold properties in Huiying Industrial Park as collateral and rents receivable from the park properties as pledge guarantees. At the same time, the company provides joint and several liability guarantee guarantee for the loan of Tianbao Real Estate, with a guarantee amount of RMB 1200 million yuan, and the guarantee period is three years from the date of expiration of the debt performance period under the main contract of the borrower.

It is also reported that Tianjin Tianbao Real Estate Development was established on January 6, 1993, with a registered capital of 1.3 billion yuan, and the legal representative is Hou Haixing, whose main business is real estate development and operation; real estate agency services, etc.

After the provision of this guarantee, the total balance of external guarantees of the Company and its holding subsidiaries is 192,703160,000 yuan (of which: the balance of external guarantees provided by the company to wholly-owned subsidiaries is 152,703.)160,000 yuan), accounting for 3536%。The amount of guarantee provided by the company and its holding subsidiaries to units other than the consolidated statements is 400 million yuan, accounting for 734%。

Related company: Tianbao Infrastructure SZ000965

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