China Qinfa Group Backs RMB 249M Guarantee

China Qinfa Group Ltd. (HK:0866) has released an update.

China Qinfa Group Ltd. has entered into Guarantee Agreements providing a joint liability guarantee of RMB 249 million to secure Tongmei Qinfa’s repayment obligations. This transaction is significant enough to warrant disclosure but does not require shareholder approval according to the Listing Rules. The guarantee, involving the company and its subsidiaries, underscores China Qinfa Group’s commitment to its financial responsibilities within the coal operation industry.

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