Sinolink Securities (SHA:600109) provide guarantee of HK$35 million to its subsidiary, Guojin Financial Holdings (Hong Kong), for new offshore loans, according to a Monday filing on the Shanghai bourse.
The guarantee is part of a contract with Ping An Bank (SHE:000001) to provide a credit-based guarantee to the subsidiary.
After the current guarantee, the remaining balance for the guarantee is HK$70 million, the securities brokerage said.
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