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Shenda Shares (600626): Provide Auira Company With No Guarantee Exceeding US $40 Million.
600626.SH announced that in September 24, 2019, Auria Solutions Ltd., the company's controlling subsidiary, signed a loan agreement amounting to $50 million with the New York branch of China Merchants Bank. On the same day, the company applied to the Shanghai branch of China Merchants Bank for the issuance of a guaranteed letter of credit amounting to 40 million dollars, and the guarantee for the Auria company's loans mentioned above was not more than 40 million dollars. Up to now, the company actually guarantees the balance of Auira company for about $260 million.
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