According to the announcement, Shenzhen Global Tesco Co., Ltd., a wholly-owned subsidiary of the company, borrowed RMB 230 million from Shenzhen High-tech Investment Group Co., Ltd. through Bank of Beijing Co., Ltd. on June 65438+February 1 2020, with a loan period of 6 months. As of June 1 day, the remaining outstanding loan principal was10.30 billion yuan. Up to now, the loan is about to expire, and the remaining outstanding loan principal is 6543.8 yuan+300 million yuan. After consultation with Gaoxintou, Shenzhen Global intends to apply for extending the loan for another six months. The Company provided unconditional and irrevocable joint liability guarantee for the aforesaid loan and all creditor's rights after two extensions, and continued to provide pledge guarantee for Gaoxintou with its 65.438+0.5% equity in Shanghai Youyi E-Commerce Co., Ltd. ..
According to the announcement, the total amount of guarantees provided by the company for wholly-owned and holding subsidiaries does not exceed 5 billion yuan, of which the total amount of guarantees provided for companies with asset-liability ratio above 70% does not exceed 3 billion yuan, and the total amount of guarantees provided for companies with asset-liability ratio below 0% does not exceed 2 billion yuan. The validity period is 65,438+02 months from the date of deliberation and approval by the 2020 annual general meeting of shareholders.
As of the date of this announcement, the total amount of guarantees provided by the company and its subsidiaries for its wholly-owned and holding subsidiaries is 2.254 billion yuan, including 65.438+205 billion yuan for companies with asset-liability ratio above 70% and 65.438+49 billion yuan for companies with asset-liability ratio below 70%.
According to the data of Tianyancha, Cross-border Bao Tong E-Commerce Co., Ltd., formerly known as Baiyuan Trousers Industry, was established in 1995. In the early stage, it was mainly engaged in clothing retail business and listed on the A-share market of Shenzhen Stock Exchange on February 8, 201/KLOC-0. With the development of globalization and Internet, the industries in cross-border electronic commerce have risen rapidly. On July 20 14, the company entered cross-border e-commerce through major asset restructuring.