East Money Information (SHE:300059) agreed to provide an irrevocable joint and several liability guarantee of up to 4 billion yuan to its subsidiary, Shanghai Tiantian Fund Sales, according to a Shenzhen bourse on Wednesday.
The Chinese financial services provider's shares slipped 1% during morning trade on Thursday.
The guarantee will be for a credit facility that Tiantian will apply at China Minsheng Banking (SHA:600016, HKG:1988).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments