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YOUNGOR Provides No More Than 130 Million Yuan Guarantee To Sun Akesu Textile Company.
In May 25th, YOUNGOR announced that it had decided to provide joint and several liability guarantee for Akesu textile with a total amount not exceeding RMB 130 million yuan. A wholly owned subsidiary of Xinya Agricultural Department of Akesu textile department, YOUNGOR Textile Holding Co., Ltd., a wholly owned subsidiary of YOUNGOR, owns 56% of Xinya agricultural branch. YOUNGOR provides guarantee for Akesu textile, which is supported by Akesu's textile production and operation.
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