According to the announcement, Jiarui Investment applied to China Merchants Wing Lung Bank Co., Ltd. ("China Merchants Wing Lung Bank") for a total credit line of 600 million yuan, with a credit period of two years. China Merchants Property provides joint liability guarantee for this credit, and the principal amount of the guarantee shall not exceed RMB 600 million. The guarantee period shall be from the effective date of the guarantee to the date when all the principal debts finally due under the master contract are paid off.
According to the announcement, Jiarui Investment was established in 1994, registered in Hong Kong, and China Merchants Shekou holds 100% equity. By the end of last year, the total assets of Jiarui Investment were about 96.755 billion yuan, the total liabilities were about 765.438+92.6 billion yuan, and the net assets were about 24.828 billion yuan. In 20 18, the operating income of Jiarui Investment was about18.245 billion yuan, and the net profit was about 353/kloc-0.00 billion yuan.
According to the announcement, due to the need to repay the due debts, Jiarui Investment will replace the due debts with new bank loans, which is conducive to promoting business development.
The announcement also revealed that up to now, the total external guarantee of China Merchants Shekou and its holding subsidiaries (excluding the sales mortgage guarantee provided by subsidiaries for customers) is 25.543 billion yuan, accounting for 33.65% of the latest audited net assets attributable to shareholders of the parent company.