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The hottest Weichai Power plans to guarantee 4.1 b

2022-08-26

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Weichai Power plans to guarantee 410million euros to its wholly-owned subsidiary

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Weichai Power announced that in order to meet the company's overseas indirect wholly-owned subsidiary weichaipower (Luxembourg) holdings In order to repay the bank loan, Weichai Power (Hong Kong) International Development Co., Ltd. (hereinafter referred to as "Weichai Hong Kong International"), a wholly-owned subsidiary of the company, plans to apply to the bank for a bank/syndicated loan of no more than 410million euros, with a term of no more than 7 years. The company provides joint and several guarantees for the above financing matters. Weichai Hong Kong International will lend the bank loan to Weichai Luxemburg in the form of shareholder loan and fasten the screws on the retainer. This guarantee has carried out circulating lubrication for all moving parts, which has been reviewed and approved by the fourth extraordinary board meeting of the company in 2016, and needs to be submitted to the first extraordinary general meeting of the company in 2016 for review and approval. (this article is from Weichai)