Core Viewpoint - China Tianbao Group (01427) plans to enter into a corporate guarantee agreement with China Construction Bank Co., Ltd. Huailai Branch, providing a guarantee of up to RMB 800 million to support its wholly-owned subsidiary, Huailai Tianbao Health Service Co., Ltd. [1] Group 1 - The guarantee aims to ensure that Huailai Tianbao (as the borrower) fulfills its obligations under the bank financing agreement with the bank (as the lender) [1] - The bank will provide a long-term loan that matures in July 2041, with an interest rate set at the Chinese loan market quotation rate minus 60 basis points [1] - The total annual repayment amount is determined based on the business development of Tianbao Jingbei Health City [1] Group 2 - The board of directors believes that entering into the financing agreement and providing the guarantee will offer favorable financing resources for the operations of Huailai Tianbao, enhancing cash flow management and the development of Tianbao Jingbei Health City [1]
中国天保集团拟订立一份企业担保协议