East Money Information to Guarantee Subsidiary's 900 Million Yuan Debt

MT Newswires Live09-20

East Money Information (SHE:300059) will provide a three-year maximum joint and several liability guarantee to unit, Shanghai Tiantian Fund Sales, to pay its debt worth 900 million yuan, according to a Friday disclosure on the Shenzhen Stock Exchange.

The debt includes a 300 million yuan comprehensive credit from China Everbright Bank (HKG:6818, SHA:601818).

As part of the guarantee, Shanghai Tiantian agreed to continue receiving financial services from the lender for another year, the financial data services provider said.

Shares of the company slipped 1% in recent trade.

Price (HKD): $10.66, Change: $-0.100, Percent Change: -0.93%

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