E-Commodities Holdings Limited (HK:1733) has released an update.
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E-Commodities Holdings Limited has entered into a Counter-Guarantee Contract with Xiangyu Joint Stock, linked to a RMB200 million banking facility for its subsidiary, Xianghui Energy. The company will provide a RMB107.8 million counter-guarantee reflecting its 49% stake in Xianghui Energy to support the corporate guarantee extended by Xiangyu Joint Stock to the Designated Bank. This transaction is classified as a discloseable and connected transaction under Hong Kong’s Listing Rules, requiring reporting and announcement obligations.
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