Group 1 - The company, Black Peony (SH 600510), announced a financing plan where its subsidiary, Green Capital Real Estate, intends to apply for a financing limit of up to RMB 600 million from financial institutions [1] - The company will provide a joint liability guarantee for a loan of up to RMB 306 million based on its 51% stake in Green Capital Real Estate, while New Town Holdings will provide a guarantee for up to RMB 294 million based on its 49% stake [1] - Green Capital Real Estate will use land use rights and ongoing construction projects as collateral for the financing, with a guarantee period of no more than 25 years [1] Group 2 - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to approximately RMB 3.894 billion, accounting for 37.55% of the company's latest audited net assets [2] - The revenue composition for Black Peony in 2024 is as follows: Real estate industry 48.69%, construction industry 31.34%, textile industry 17.35%, other industries 1.33%, and other businesses 1.29% [2] - The company's market capitalization is currently valued at RMB 7.5 billion [3]
黑牡丹:公司及子公司对外担保总额约38.94亿元