Shandong LONGDA provided a guarantee for the 9 million financing of its subsidiary

Zhitong
2025.09.09 08:35

Shandong LONGDA Food Co., Ltd. announced the progress of guarantees for its subsidiaries. On May 19, 2025, the shareholders' meeting approved a proposal to provide a guarantee limit of 6 billion for financing subsidiaries within the consolidated financial statements for the year 2025. Recently, the subsidiary Heilongjiang LONGDA Meat Food Co., Ltd. borrowed 9 million from AnDa Rural Commercial Bank, and LONGDA Food provided a joint liability guarantee, which is within the authorized limit. Heilongjiang LONGDA Meat Food Co., Ltd. is 100% owned by LONGDA Food, with a debt-to-asset ratio of 93.91% as of June 30, 2025. As of the announcement date, the company has provided a cumulative guarantee of 1.27 billion for its subsidiaries, accounting for 85.7% of the parent company's equity at the end of 2024, with no overdue external guarantees

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