Shenzhen Heungkong Holding Provides RMB204 Million Joint Liability Guarantee for Panyu Jinjiang

Deep News2025-11-14

Shenzhen Heungkong Holding Co., Ltd. announced on November 14 that to support the development needs of Panyu Jinjiang, the company will provide a joint liability guarantee of up to RMB204 million for a RMB400 million loan from China Merchants Bank, with a term of 60 months, based on its shareholding ratio. No counter-guarantee is required.

The company's subsidiaries, Guangzhou Waterfall and Panyu Jinjiang, will provide collateral guarantees for this loan. As of the announcement date, Shenzhen Heungkong Holding and its subsidiaries have accumulated external guarantees totaling RMB2.093 billion, accounting for 35.48% of the audited net assets in 2024, with no overdue guarantees.

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