Xinye Textile And Henan Huajing Superhard Material Limited By Share Ltd Sign Mutual Insurance Agreement
In November 21st, Xinye textile (Stock Code: 002087) and Henan Huajing superhard material Limited by Share Ltd, in accordance with the principle of mutual cooperation and common development, signed friendly mutual agreement through friendly consultation. The total amount of mutual insurance is RMB 120 million yuan, accounting for 3.01% of the net assets of the parent company on 31 December 2018. The deadline for mutual guarantee is November 30, 2020. Mutual guarantee form: joint and several liability guarantee.
The mutual guarantee agreement signed between the company and Limited by Share Ltd of Huajing super hard material Limited by Share Ltd of Henan is guaranteed jointly and severally. The total amount of mutual guarantee is RMB 120 million yuan, and the guarantee within this limit should be completed before November 30, 2020.
Up to now, the actual amount of guarantee provided by the company is 955 million yuan, accounting for 23.99% of the audited net assets of the company in 31 days in December 2018, accounting for 9.78% of the total audited assets of the company in December 2018, 31. There is no overdue guarantee.
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